A Package Deal to Exit From Net Balances in the EU Budget. / Benedetto, Giacomo.

EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU. ed. / Brigid Laffan; Alfredo De Feo. San Domenico di Fiesole : European University Institute, 2020. p. 293-306.

Research output: Chapter in Book/Report/Conference proceedingChapter

Published

Standard

A Package Deal to Exit From Net Balances in the EU Budget. / Benedetto, Giacomo.

EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU. ed. / Brigid Laffan; Alfredo De Feo. San Domenico di Fiesole : European University Institute, 2020. p. 293-306.

Research output: Chapter in Book/Report/Conference proceedingChapter

Harvard

Benedetto, G 2020, A Package Deal to Exit From Net Balances in the EU Budget. in B Laffan & A De Feo (eds), EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU. European University Institute, San Domenico di Fiesole, pp. 293-306. https://doi.org/10.2870/750252

APA

Benedetto, G. (2020). A Package Deal to Exit From Net Balances in the EU Budget. In B. Laffan, & A. De Feo (Eds.), EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU (pp. 293-306). European University Institute. https://doi.org/10.2870/750252

Vancouver

Benedetto G. A Package Deal to Exit From Net Balances in the EU Budget. In Laffan B, De Feo A, editors, EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU. San Domenico di Fiesole: European University Institute. 2020. p. 293-306 https://doi.org/10.2870/750252

Author

Benedetto, Giacomo. / A Package Deal to Exit From Net Balances in the EU Budget. EU Financing for the Next Decade: Beyond the MFF 2021-2027 and the Next Generation EU. editor / Brigid Laffan ; Alfredo De Feo. San Domenico di Fiesole : European University Institute, 2020. pp. 293-306

BibTeX

@inbook{dcb7d2a2b1264de889c3134b1c395ea9,
title = "A Package Deal to Exit From Net Balances in the EU Budget",
abstract = "Reforming the EU budget so that it is more responsive to changing collective needs such as responding to pandemics or energy security while still securing minimum levels of solidarity to those sectors most in need depends on changing the means of financing the budget in the first place. This chapter evaluates the ingredients of a package to achieve such a reform. It does so by analysing what we know already about package deals in the EU in which the major actors are able to gain more than they lose. Next, it deconstructs the case for countries to use national net balances in calculating budgetary costs and benefits given that flows of funds at the EU level do not correspond to their distribution by country. High contribution burdens can be addressed by compensating for gross rather than net contributions, while new forms of revenue would avoid increasing the tax burden to finance the post-Covid-19 recovery plan and could deliver policy objectives in relation to combating challenges like climate change and transnational tax avoidance.",
author = "Giacomo Benedetto",
year = "2020",
month = nov,
day = "30",
doi = "10.2870/750252",
language = "English",
pages = "293--306",
editor = "Brigid Laffan and {De Feo}, Alfredo",
booktitle = "EU Financing for the Next Decade",
publisher = "European University Institute",

}

RIS

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T1 - A Package Deal to Exit From Net Balances in the EU Budget

AU - Benedetto, Giacomo

PY - 2020/11/30

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N2 - Reforming the EU budget so that it is more responsive to changing collective needs such as responding to pandemics or energy security while still securing minimum levels of solidarity to those sectors most in need depends on changing the means of financing the budget in the first place. This chapter evaluates the ingredients of a package to achieve such a reform. It does so by analysing what we know already about package deals in the EU in which the major actors are able to gain more than they lose. Next, it deconstructs the case for countries to use national net balances in calculating budgetary costs and benefits given that flows of funds at the EU level do not correspond to their distribution by country. High contribution burdens can be addressed by compensating for gross rather than net contributions, while new forms of revenue would avoid increasing the tax burden to finance the post-Covid-19 recovery plan and could deliver policy objectives in relation to combating challenges like climate change and transnational tax avoidance.

AB - Reforming the EU budget so that it is more responsive to changing collective needs such as responding to pandemics or energy security while still securing minimum levels of solidarity to those sectors most in need depends on changing the means of financing the budget in the first place. This chapter evaluates the ingredients of a package to achieve such a reform. It does so by analysing what we know already about package deals in the EU in which the major actors are able to gain more than they lose. Next, it deconstructs the case for countries to use national net balances in calculating budgetary costs and benefits given that flows of funds at the EU level do not correspond to their distribution by country. High contribution burdens can be addressed by compensating for gross rather than net contributions, while new forms of revenue would avoid increasing the tax burden to finance the post-Covid-19 recovery plan and could deliver policy objectives in relation to combating challenges like climate change and transnational tax avoidance.

U2 - 10.2870/750252

DO - 10.2870/750252

M3 - Chapter

SP - 293

EP - 306

BT - EU Financing for the Next Decade

A2 - Laffan, Brigid

A2 - De Feo, Alfredo

PB - European University Institute

CY - San Domenico di Fiesole

ER -