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EU Economics

EU MADNESS: Tajani calls for DOUBLING of EU funding to €280BN by TAXING people of Europe

EUROPEAN Parliament chief Antonio Tajani has called for an EU tax to double its spending as it panics over the future post-Brexit.

The Italian MEP put forward plans for an EU-based tax to prop-up the ailing bloc as it deals with the escalating refugee crisis and counter-terrorism.Taxes would see the budget, which is about €140billion (£125bn), rocket to €280bn (£249bn), according to the Funke Media Group newspapers.

The budget is already financed by payments from Brussels members.

The news is a further sign the Brussels bloc has become increasingly desperate for ways in which to plug the mammoth budget black hole in the wake of Brexit.

Tajani GETTY

Tajani is calling for the EU to introduce a tax system


euro GETTY

The EU is struggling to fill the blackhole left by Britain’s Brexit


Antonio Tajani has put forward plans for an EU-based tax to prop-up the ailing bloc

EU budget chiefs have admitted they will be down by around £10billion a year once it loses Britain, its second biggest net contributor, in 2019, meaning countries will either have to pay more or receive less.The Commission insists it should not be required to cut its cloth accordingly by reducing the size of the budget, and instead wants member states to make up half of the lost cash.

EU officials confirmed Britain’s net contribution of £8bn (€9bn) could not be offset totally through future budget cuts.

It comes after a bombshell report revealed the EU’s biggest contributor Germany will have to increase funding to around a third – from €15bn (£13bn) in 2015 to around €20bn (£18bn) once the UK leaves.

Antonio Tajani GETTY

Antonio Tajani is calling for people of Europe to pay more tax


German European Commissioner Guenther Oettinger has previously said the EU faces a £10billion shortfall due to Brexit, which forms part of an overall £18billion budget blackhole caused by other crises including migration.Germany and countries like the Netherlands and Sweden are currently benefiting from a discount on the “British rebate”, with which London was able to reduce its payments.

These perks fall away after the Brexit.

According to  new EU parliamentary study, France would have to pay 1.2 billion euros more, Italy around one billion. To date, Germany has paid net more than 14 billion and France 5 to 6 billion euros per year.

http://www.express.co.uk/news/world/878980/Brexit-news-EU-tax-latest-Antonio-Tajani

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