Reform of the EU's Own Revenues and Covering the Expenditures Incurred by the Corona Crisis

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F21%3A00122693" target="_blank" >RIV/00216224:14220/21:00122693 - isvavai.cz</a>

Result on the web

<a href="https://www.ejournals.eu/FLR/2021/Issue-3/art/19917/" target="_blank" >https://www.ejournals.eu/FLR/2021/Issue-3/art/19917/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.4467/22996834FLR.21.024.14444" target="_blank" >10.4467/22996834FLR.21.024.14444</a>

Result language

angličtina

Original language name

Reform of the EU's Own Revenues and Covering the Expenditures Incurred by the Corona Crisis

Original language description

This contribution focus on the revenue side of the EU budget, which consists of own resources, divided into traditional resources, income in the form of a share of value-added tax, and gross national income. On 21 July 2020, the European Council agreed on a multiannual financial framework for the period 2021-2027, and in response to the pandemic situation associated with Covid-19, a temporary recovery instrument for the next generation of the EU was agreed. At the same time, from which it was apparent that it is necessary to find new own resources for the EU, and how the European Stability Mechanism (ESM) could be used to the consequences of the corona crisis. The author will focus mainly on issues on the revenue side of the Union budget and the role of the ESM. Within the ongoing debates when the result was the coronavirus response the question arises of whether it would be appropriate and effective to introduce a common tax for the EU. The main aim of the contribution is to use the descriptive method, the method of analysis and synthesis the revenue side system of the EU budget, and the reform efforts that culminated in the reform of own resources. In the last part of the article, the author using a descriptive method on how the ESM was activated as one of the walls to maintain the stability of the euro area. Including the view of introducing a common European tax as a fiscal instrument to cover the expenditures (debt) incurred related to coronavirus response i.e. recovery instrument Next Generation

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50501 - Law

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Financial Law Review

ISSN

2299-6834

e-ISSN

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Volume of the periodical

23

Issue of the periodical within the volume

3

Country of publishing house

PL - POLAND

Number of pages

13

Pages from-to

115-127

UT code for WoS article

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EID of the result in the Scopus database

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