But it won\u2019t help with the tough ongoing negotiations for the next budget cycle from 2028 to 2034.<\/p>\n
To finance that future \u20ac2 trillion cash pot, France is pushing for a tax on U.S. digital giants including Google, but the idea is opposed by Germany, among others.<\/p>\n
EU vs. Google<\/p>\n
As part of its annual budget cycle, EU governments and the European Parliament last year struck a broad deal over how to allocate the \u20ac192 billion cash pot for 2026. <\/p>\n
Throughout the year, the Commission is expected to propose changes to the budget to reflect updated spending and revenue estimates. Its next set of amendments later this year will factor in the \u20ac4.6 billion of fresh revenue paid by Google, the Commission official added.<\/p>\n
\u201cUnless the budget authority [Council and the European Parliament] decides otherwise, this has the effect of reducing the GNI [gross national income] contribution due by Member States,\u201d said the Commission official.<\/p>\n
This comes as a relief for EU countries contending with tight national budgets as a result of higher energy prices and lower-than-expected growth.<\/p>\n","protected":false},"excerpt":{"rendered":"But it won\u2019t help with the tough ongoing negotiations for the next budget cycle from 2028 to 2034.…\n","protected":false},"author":2,"featured_media":130868,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[104],"tags":[211,2611,210,3651,2042,55409,2013,3586,2430,184,22701,7540,4007,234,190,6805,55412,56392,3654,5028,4627,4581,1537,76],"class_list":["post-130867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brussels","tag-belgium","tag-big-tech","tag-brussels","tag-budget","tag-competition","tag-competition-rules","tag-courts","tag-customs","tag-digital","tag-donald-trump","tag-energy-prices","tag-eu-budget","tag-finance","tag-france","tag-germany","tag-growth","tag-margrethe-vestager","tag-national-budgets","tag-negotiations","tag-payments","tag-regions-cohesion","tag-sanctions","tag-tax","tag-united-states"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116934114328737087","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/130867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=130867"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/130867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/130868"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=130867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=130867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=130867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}