By / January 28, 2021

Roadmap for the introduction of new own resources

Figure 26 – Roadmap for the introduction of new own resources

Figure 26 – Roadmap for the introduction of new own resources

On this basis, Parliament fast-tracked its legislative opinion on the own resources decision, to make it possible for Council to ensure the timely launch of NGEU, but managed to obtain the inclusion of a roadmap for the introduction of new own resources in the interinstitutional agreement on budgetary matters with Council and the Commission. Under the agreed guiding principles for the reform set by the roadmap, new own resources should: raise enough revenue to repay the grant component of NGEU and its borrowing costs; be linked to EU policies and objectives, such as the fight against climate change, the circular economy, and ‘Europe fit for the digital age’; and contribute to fair taxation and to the strengthening of the fight against tax fraud and tax evasion. In addition to these and other guiding principles, the interinstitutional agreement includes a detailed roadmap for the introduction of new own resources, on top of the contribution based on plastic waste, by 2026 (see Figure 26). Envisaged own resources are linked to: a carbon border adjustment mechanism; a digital levy; a revised ETS; a financial transaction tax; and a financial contribution linked to the corporate sector or a new common corporate tax base.


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