The European Commission proposed a new budget plan. The plan envisages taxing large enterprises. Companies with a turnover exceeding 100 million euros would have to pay a tax. The Estonian government has not yet decided whether to support this plan.
CORE is a new idea. It means that large enterprises would pay a tax to the European Union. The tax amounts vary depending on turnover. For example, the tax increases as turnover grows. There are about 20,000 companies in the European Union that would have to pay the tax.
In Estonia, there are over 120 companies with a turnover exceeding 100 million euros. The Estonian government is analyzing the Commission's proposal. A decision will be made by the end of the year at the latest. The government is assessing whether the plan is beneficial for Estonia.
The Commission proposed a budget plan for 2028–2034. The total budget is nearly two trillion euros. The tax on large enterprises would contribute 6.8 billion euros. Other taxes would also help fill the budget.
Member states and the European Parliament will begin discussing the plan. An agreement is expected in about two years. Typically, a decision is made before the budget is implemented.