Brussels is set to propose a levy on large companies operating in Europe as part of the effort to create new independent funding sources for the EU common budget of more than 1 trillion euros.

The so-called “corporate resource for Europe”, as described in a draft European Commission’s proposal by the Financial Times, is expected to be presented next week, but requires unanimous support from the Member States to enter into force.

The annual tax will apply to all businesses with a turnover of more than 50 million euros, after the deduction of subsidies and taxes, that is, the “net turnover” as defined by the EU.

All major companies operating in Europe will be subject to the levy, regardless of the seat, according to the draft, while a “escalation” system will require higher contributions than groups with the highest net revenue.

Other revenue increased measures to be presented next week include the provision of the EU to receive a percentage of increased specialties of tobacco consumption, the imposition of a non -recycled electronic waste, as well as the management fee for long -distance e -commerce parcels, a meter that will be affected by China.

The Commission regularly proposes new pan-European taxes when preparing the seven-year EU budget, but such measures as the tax on financial transactions often do not secure the support of Member States.

Brussels argue that the unprecedented nature of the new demands for European costs – from the defense sector to the increase in debt interest – require a more radical approach.

However, ambitions for a larger budget have been meeting over time from countries that contribute more than they receive from the Community budget, such as Germany, the Netherlands, Austria, Finland, Sweden and Denmark.

Plans for the levy are expected to provoke the rage of the European business world, at a time when companies are already struggling with the sluggish economic growth and high energy costs.

JPMorgan Chase CEO Jamie Daimon warned on Thursday that their companies are “losing” the battle against their competitors in the US and China.

The EU budget, which traditionally amounts to about 1% of the Bloc’s gross national income, that is, about € 1 trillion, is mainly funded by national contributions, but also includes independent sources of revenue, such as duties and VAT.

The Commission seeks to review and possibly increase these existing sources of revenue, such as customs duties, revenue from the sale of rights in the carbon market (Cap-and-trade), a high-footed importation, and a high-ranking fee, and a non-recyclable fee, the draft.

The amounts to be raised remain in brackets in the draft, which suggests that internal agreement is still required within the Commission. The proposal is expected to be officially announced on Wednesday, along with the spending plans of the next seven -year EU budget.

The Commission appears to have ruled out several other revenue increasing options, including a controversial carbon tax in housing heating and road transport, the collection of entry fees from the new EU border system and a tax on digital services in which the US is opposed.

The draft is not definitive and can be changed, officials warn. A spokesman for the Commission refused to comment on the content of the proposals.

The e-Waste Levy fee will impose an unspecified amount of money depending on the amount of unlocked electronic waste, such as old mobile phones and home appliances.

A “management fee” for e -commerce parcels that are transported by air within the EU, which is determined by the Commission, could also be a flow of revenue for the budget.

However, this proposal is still in brackets, which suggests that it is still under negotiation. The tobacco levy would require countries to increase the minimum special consumption taxes.

The Commission is already collecting revenue from the EU emission trading system (ETS), which charges industries according to the amount of carbon dioxide they emit.

Brussels had planned to collect three -quarters of the Carbon Border Adjustment Mechanism, which will charge importers in six sectors for the emissions associated with their products since 2026. The EU estimates that it will raise about € 1.5 billion from its first year.