The European Parliament has given the green light to a 10% increase in the Union's long-term budget. To finance it, new sources of revenue are being considered: a digital tax on large corporations, levies on online gambling, an expanded carbon mechanism, and taxes on cryptocurrency profits. The measure aims to provide the EU with its own resources. 🇪🇺
Digital tax and crypto: the new fiscal framework 💰
The proposal includes a 0.2% tax on the market capitalization of large tech companies like Google or Meta. Additionally, cryptocurrency transactions and capital gains obtained from these assets will be taxed. The carbon mechanism will be extended to more sectors, and online gambling will pay fees for each bet. Estimated revenue is around 15 billion annually.
Brussels discovers the digital gold mine ⛏️
The EU has seen the light: if you can't regulate crypto, at least tax it. Because nothing says digital future like charging a toll for every crypto transfer. Meanwhile, Bitcoin miners wonder if they will pay their fees in satoshis or in cold hard euros. At least online gambling will get its share: losing money has never been so fiscally responsible.