Despite current financial constraints, the EU plans to significantly escalate its budget, with a new tax imposed on large Swiss businesses included.
The European Union has proposed a monumental budget for the period from 2028 to 2034, amounting to nearly €2 trillion. This ambitious plan includes substantial investments in various sectors, such as economic reconstruction in Ukraine, support for farmers, investments in clean technology, and defense[1][2]. However, the negotiation process is expected to be challenging, with Germany already expressing concerns about the budget's size[4].
The negotiations, set to begin in Brussels, will require unanimous approval from all 27 EU member states, which could lead to significant changes in the proposal over the next two years[5]. Key aspects of the proposed budget include a total budget of approximately €2 trillion, major allocations of €100 billion for Ukraine's economic reconstruction, €865 billion for a national and regional partnership fund, €451 billion for clean technology, digital advancements, biotechnology, defense, space, and agriculture, and about €300 billion to support farmers[1][2].
Green investments will see €700 billion earmarked, though this represents a reduction in real terms compared to previous budgets[3]. The negotiations are expected to be intense and potentially contentious, with the EU budget negotiations being referred to as "the mother of all distribution battles"[3].
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In the EU, companies reaching a certain revenue threshold may be subject to an additional levy. However, as of now, there is no specific mention of an additional levy for companies in the provided search results. Any additional levies would likely be part of broader discussions on how to finance the proposed budget, which could emerge during the negotiation process.
In summary, while the proposed EU budget is ambitious and includes significant investments across various sectors, its approval will depend on navigating complex negotiations and addressing concerns from member states like Germany. Details about specific levies for companies might emerge as negotiations progress. Meanwhile, users accessing NZZ.ch are advised to modify their browser settings to allow JavaScript for proper functionality.
The proposed economic and social policy includes finance allocated for the reconstruction of Ukraine's economy, and investments in clean technology, agriculture, defense, space, and digital advancements, totaling approximately €451 billion. The negotiation process for the budget is anticipated to be contentious, with companies potentially subject to an additional levy as part of broader discussions on financing the budget.
