Malta vetoes EU-wide tobacco tax overhaul, blocking €13bn reform

Malta vetoed a proposed EU-wide tobacco excise tax overhaul, citing that the proposed minimum rates are well above current national levels. The veto blocks a reform projected to raise €13bn, highlighting persistent friction in EU fiscal harmonization. The outcome is uncertain as the proposal may be revised or reintroduced, but the veto underscores the challenge of achieving unanimous agreement on tax matters.

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