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The EU May Need to Introduce a Bloc-Wide Tax After Brexit

  • Commission sees gap in EU finances after U.K.’s withdrawal
  • Bloc’s executive arm publishes reflection paper on EU budget
Among the options tabled is applying common energy or environmental taxes.

Among the options tabled is applying common energy or environmental taxes.

Photographer: Martin Leissl/Bloomberg
Updated on

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The European Union should consider introducing common taxes as it seeks to overhaul its budget and cover a more-than 10 billion-euro ($11.4 billion) annual financing hole created by Brexit, the bloc’s executive arm said.