A CORE Proposal for Budget Caring - Will the E.U. Adopt a Progressive Corporate Tax?

Authors

Domenico Imparato, University of California, Berkeley; Univeristy of Hamburg - Institute of Law and Economics; Max Planck Institute for Tax Law and Public FinanceFollow
Reuven S. Avi-Yonah, University of Michigan Law SchoolFollow

Document Type

Article

Publication Date

10-2025

Abstract

On 16 July 2025, the European Commission unveiled its proposed EU budget for the 2028–2034 period, representing a nearly EUR two trillion fiscal commitment for the bloc’s taxpayers – both individual and corporate. As leaked by some media outlets in the days leading up to the official announcement, the EU budget would introduce a new mechanism known as the ‘Corporate Resource for Europe’ (CORE). In the Commission’s proposal, CORE is described as a ‘financial contribution’ from the corporate sector, intended to become part of the European Union’s system of own resources. In practical terms, however, it would function as a levy on large corporations that operate and sell within the EU.

Comments

Reprinted from Intertax, 53:10, October 2025, 646-653, with permission of Kluwer Law International.

Recommended Citation

Imparato, Domenico. "A CORE Proposal for Budget Caring - Will the E.U. Adopt a Progressive Corporate Tax?" Intertax 53, no. 10 (2025): 646-653.