A new EU tax on online gambling could generate €13.3 billion [$15.5 billion] in fresh revenue for the bloc’s next seven-year budget, the European Commission forecast in a document seen by POLITICO.
Potential levies on crypto firms and U.S. tech giants such as Google and Amazon are estimated to yield around €20 billion [$23 billion] and €35 billion [$41 billion], respectively, throughout the seven-year budget cycle, according to the document shared by the EU executive with national governments and the European Parliament on Thursday.
The Commission is assessing revenue estimates that could be raised by potential new EU-wide taxes on online gambling, crypto firms and digital firms, as the bloc struggles to reach a deal on how to finance the EU’s common cash pot from 2028 to 2034.
