There is a broad consensus among experts, says Margit Schratzenstaller, that the current structure of the EU budget is inadequate to cope with the long-term challenges confronting the EU. More needs to be done to address digitalisation, climate change and migration, among other issues. One way to do this is to create EU added value through the reform of the EU's own resources system.
"Sustainability-oriented tax-based own resources would do more than just help to close the existing sustainability gaps in EU taxation," Schratzenstaller writes. It would act as a catalyst to secure net contributors' agreement to maintain or increase spending in exhange for far-reaching reforms that will enhance European added value.
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