Politics
European Commission is considering watering down a large business levy which was designed to raise funding relating to the next 7yr budget, Politico reports citing sources
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The EU Commission is reportedly softening a proposed large business levy meant to fund the next 7-year budget, potentially easing the regulatory and financial burden on major corporations.
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Officials said to be considering exempting loss-making companies and raising the revenue threshold to exclude smaller businesses for the "Corporate Resource for Europe" charge.
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