Key facts
- EU leaders are considering using revenue from a global tax deal to fund the bloc's next budget.
- The proposed EU budget is valued at €1.82 trillion.
- A corporate tax known as CORE, which charges a lump sum on companies' revenues exceeding €100 million, is unpopular.
- The OECD tax deal from 2021 mandates a 15 percent minimum corporate tax on large multinationals.
- The Dutch government collected €449 million in 2026 from global minimum tax returns.
The European Commission is examining whether revenue generated from a global tax agreement on multinational corporations can be used to finance the EU's upcoming seven-year budget. This proposal aims to break the deadlock in budget negotiations by potentially facilitating agreement on new EU-wide taxes, known as own resources. European Council President António Costa is urging member states to approve these new taxes to decrease their national contributions to the bloc's €1.82 trillion budget.