EU weighs redirecting multinational tax revenue to fund bloc budget

The European Commission is exploring using revenue from the global minimum tax on large multinationals to fund the EU's future budget, estimated at €1.82 trillion. The proposal aims to break a funding deadlock and would disproportionately affect Ireland and the Netherlands, which collect significant sums from the tax. The plan is at an early stage, with details unconfirmed and member state reactions uncertain.

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