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Author: Gabriele Cipriani Publisher: Rowman & Littlefield ISBN: 1783483318 Category : Political Science Languages : en Pages : 113
Book Description
Often described as complex, opaque and unfair, the EU budget financing system is an “unfinished journey.” One of the most critical issues is that EU revenue, drawn from the cashbox of national taxation, remains impalpable to the general public. The nature of the EU as a union of states and their nationals makes the visibility of EU revenue unavoidable. The political sustainability of a move that would put the legitimacy of EU revenue at the forefront of public discussion will depend on the European Commission’s ability to show that EU funds can achieve results that are truly beyond member states’ reach. The value-added tax (VAT) is a natural choice for funding the EU budget, through a dedicated EU VAT rate as part of the national VAT and designed as such in fiscal receipts, whose use as a means for raising EU citizens’ awareness could be encouraged already in the current arrangements.
Author: Gabriele Cipriani Publisher: Rowman & Littlefield ISBN: 1783483318 Category : Political Science Languages : en Pages : 113
Book Description
Often described as complex, opaque and unfair, the EU budget financing system is an “unfinished journey.” One of the most critical issues is that EU revenue, drawn from the cashbox of national taxation, remains impalpable to the general public. The nature of the EU as a union of states and their nationals makes the visibility of EU revenue unavoidable. The political sustainability of a move that would put the legitimacy of EU revenue at the forefront of public discussion will depend on the European Commission’s ability to show that EU funds can achieve results that are truly beyond member states’ reach. The value-added tax (VAT) is a natural choice for funding the EU budget, through a dedicated EU VAT rate as part of the national VAT and designed as such in fiscal receipts, whose use as a means for raising EU citizens’ awareness could be encouraged already in the current arrangements.
Author: Great Britain. Parliament. House of Lords. European Union Committee Publisher: The Stationery Office ISBN: 9780104006290 Category : Budget Languages : en Pages : 318
Book Description
Negotiations are underway to agree the details of the European Union budget for the period of 2007 to 2013 (known as the Financial Perspective), covering the newly enlarged EU of 25 member states. Further enlargement is likely, with Bulgaria and Romania due to join in 2007 and the possible accession of Croatia and Turkey being considered. The Committee's report considers a range of issues in relation to the current budget debate, including the merits of the Commission's proposals within the framework of recent and future EU enlargement; the Common Agricultural Policy; Structural and Cohesion Funds; the Lisbon Agenda; other spending categories; the functioning of the 'Own Resources' and a EU tax; UK abatement and the Commission's proposal for a Generalised Corrective Mechanism. Conclusions reached include support for the UK Government's insistence that the UK rebate is non-negotiable, given the inadequate reforms of the CAP; however, if real reform of the budget was offered, then the UK Government should be prepared to negotiate. Structural funds should be focused on the 10 new member states, as well as the two applicant countries of Romania and Bulgaria, with the phasing out of EU regional development funds for all 'old' member states with the exception of Greece and Portugal.
Author: European Commission Publisher: ISBN: Category : Economic assistance, European Languages : en Pages : 26
Book Description
In response to the evolution of the world economy and its impact on Europe, the European Commission proposed a set of programmes to boost jobs, growth and investment across the European Union. The programmes are part of the multiannual financial framework 2014-2020. This publication guides you through these programmes and the funding opportunities they offer are briefly described here in this booklet. Detailed information is available on the European Commission's website. EU funding opportunities prove the added value of the EU budget in a number of fields, from research, employment, regional development and cooperation to education, culture, environment, humanitarian aid and energy, among many others. Significant support is available to small and medium-sized businesses, non-governmental and civil society non-profit organisations, young people, researchers, farmers and public bodies, to name a few.
Author: European Commission Publisher: ISBN: Category : Business & Economics Languages : en Pages : 442
Book Description
Recoge: Part 1: The development of the Community's financial system - Part 2: The characteristics of the present financial system - Part 3: Establishment of the general budget - Part 4: Structure of the Community budget - Part 5: Implementation and external control - Part 6: Operations outside the general budget.
Author: Friedrich Heinemann Publisher: Springer Science & Business Media ISBN: 3790820660 Category : Business & Economics Languages : en Pages : 180
Book Description
The general review of the European Union’s budget scheduled for the years 2008 and 2009 offers a unique opportunity for reflections. Explicitly this review is “without taboos” so that also substantive changes can and should be debated. Without doubt much better budgetary systems can be imagined compared to the status quo of the EU budget which is the outcome of a path-dependent process and where many details are only understandable by taking account of the historical context of past decisions. However, even if much better systems could be designed in theory, each reform suggestion, in the end, must pass the reality check of fi- ing unanimous support from all 27 member countries. This restriction heavily l- its the universe of available reform options. Faced with that difficulty the ZEW project team embarked on the adventure to think about possible reform options for the future EU own resource system. This volume documents the conclusions. At first sight our reform suggestion may - pear to be of a rather piecemeal nature since we recommend a reform model with strong ties to the status quo. Nevertheless, we are convinced that our seemingly minor changes will set the budget on a path towards a more rational European budget which, in the end, will create leeway for financing European policies with a true European value added. We gratefully acknowledge financial support from the German Federal Min- try of Finance in conducting this study.
Author: Jutta Haug Publisher: ISBN: 9789461380852 Category : Budget Languages : en Pages : 78
Book Description
The system for financing the EU today is on its last legs. Indeed, with the EU budget being predominantly financed by national contributions, member states attach great importance to what they get in return, which in the end affects the European principle of solidarity and makes every budgetary negotiation a potential arena for political blockage. The economic and financial crisis, with its corresponding increase in the public deficit of member states, has unfortunately worsened the situation. Fully funding the European Union with own resources is the only way to put an end to the fair return approach and to make the necessary changes to EU spending that would provide it with the financial means equal to its needs and allow it to face the challenges of the future. On the eve of the presentation of a new proposal for own resources announced by the European Commission, Jutta Haug, Alain Lamassoure and Guy Verhofstadt, Members of the European Parliament belonging to three different political groups, have brought together their views and present this report as their contribution to the debate. Economists Daniel Gros and Paul De Grauwe of CEPS and Gaëtane Ricard-Nihoul and Eulalia Rubio of Notre Europe have collaborated with them in this important project. They demonstrate in this report that fully financing an EU budget of the size it is today with genuine own resources is not a dream but that such a change is feasible, provided that the political will to reform the current system can be summoned. Moreover, they find that it would not infringe on the member states' fiscal sovereignty. On the contrary, it would reinforce the link between the European Union and its citizens, putting an end to member states' tendency to calculate their net returns and possibly even enabling them to make cuts to their public expenditure. Finally, such a reform would represent a return to the spirit and the letter of the Treaty of Rome, which contained a clear aspiration for financial autonomy and which prevailed until the end of the 1980s.--Publisher description.
Author: Brigid Laffan Publisher: ISBN: Category : European Union Languages : en Pages : 324
Book Description
This volume provides a comprehensive analysis of the growing financial power of the European Union in a lively and accessible form. It examines how the budget is used, how it is managed and assesses the future prospects of the budget.
Author: Clemens Fuest Publisher: ISBN: Category : Languages : en Pages :
Book Description
• Roughly two thirds of the European Union's budget is financed out of member states' national tax revenues. These resources, based on gross national incomes, are transparent, fair and in line with the principle of subsidiarity but they lead to political debates that emphasise the cost of EU spending rather than the benefits, and add to the perception of the EU budget in terms of net balances, rather than value added. • The financing of the EU budget must be reassessed in the light of the July 2020 decision to launch the Next Generation EU programme. Budget resources could include a plastics charge, a carbon border adjustment mechanism, a digital tax, revenues from emissions trading and a financial transactions tax. We evaluate these options against four criteria: whether the origin of the revenue can be assigned to a particular member state; whether the revenue can be raised in isolation or requires pan-European tax coordination; whether the new resource can help reduce tax distortions in the EU; and whether the resource is related to EU policies. • Revenues from emissions allowances fit these criteria best. Carbon emissions do not primarily cause damage only where they occur. Taking the EU cap on emissions as a given, additional emissions in a particular member state should be regarded as a negative externality on other member states. Emission reduction objectives are set at EU level. Whoever auctions off an allowance, wherever the corresponding emission occurs in the EU, and wherever the resulting good or service is consumed, the impact on common policy outcomes is the same. In this regard, proceeds from the sale of emissions trading system allowances are not that different from customs duties. • Compared to the ETS, the other candidates for EU own resources are less convincing. Carbon border adjustments are intended to limit international competitive distortions rather than to generate revenue. Digital taxes and minimum corporate taxes are best left to the process underway in the Organisation for Economic Co-operation and Development. On a financial transactions tax there is no agreement within the EU. • Total ETS revenues up to 2050 would approach €800 billion in a realistic scenario and possibly even €1.5 trillion assuming the scope of the ETS and the share of auctioned permits are increased. ETS revenues therefore would be largely sufficient to repay the Next Generation EU debt. However they would generate distributional effects, and so part of the revenues should finance grandfathered rights that would accrue to the member states. The EU can tackle the distributional issues involved in the reform of own resources.
Author: Gabriele Cipriani
Author: Gabriele Cipriani
Author: Great Britain. Parliament. House of Lords. European Union Committee
Author: European Court of Auditors
Author: European Commission
Author: Alexandre Mathis
Author: European Commission
Author: Friedrich Heinemann
Author: Jutta Haug
Author: Brigid Laffan
Author: Clemens Fuest