Top Wealth World
Social Links
Top Wealth World
Top Wealth World
  • A
0
0
0
  • Money

Taxing great wealth in the EU

  • TopWealth.World
  • August 8, 2023
Taxing great wealth in the EU
Total
0
Shares
0
0
0

The European Commission has decided to register a European Citizens’ Initiative (ECI) titled ‘Taxing great wealth to finance the ecological and social transition’. The initiative organizers are urging the Commission to establish a European tax on substantial wealth to support ecological and social transitions. This initiative aims to combat climate change, reduce inequality within the EU, and ensure that European citizens contribute fairly to these goals.

The decision to register the initiative is purely of a legal nature and does not preclude the Commission’s final legal and political conclusions regarding the initiative’s content and potential actions. As the European Citizens’ Initiative meets the formal conditions outlined in relevant legislation, it is deemed legally permissible by the Commission. However, the Commission has not yet analyzed the proposal’s substance.

The next steps involve the organizers having six months to gather signatures. If the European Citizens’ Initiative gathers one million statements of support from at least seven different EU Member States within a year, the Commission will be compelled to respond. The Commission may choose to advance the request or not, and it must provide reasoning for its decision.

The European Citizens’ Initiative was established by the Lisbon Treaty to empower citizens in shaping the agenda. Launched in April 2012, it allows one million citizens from at least seven EU Member States to encourage the European Commission to propose legal actions within its authority. Admissibility conditions include that the proposed action falls within the Commission’s power, is not abusive, frivolous, or contrary to Union values.

Since its inception, the Commission has received 127 requests for European Citizens’ Initiatives, 102 of which were considered admissible and thus eligible for registration. Just recently, the Commission responded to the eighth successful European Citizens’ Initiative. More information about this can be found on their official platform.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
TopWealth.World

Previous Article
citizenship by investment
  • Money

EU lays down guidelines for CBI Programmes: A push for higher security, stronger standards

  • TopWealth.World
  • August 8, 2023
View Post
Next Article
St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme
  • Money

St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme

  • TopWealth.World
  • August 8, 2023
View Post
You May Also Like
Diamond, Diamond Prices, Luxury Recession: Diamond Prices Crash, Rolex Downturn Persists
View Post
  • Money

Luxury Recession: Diamond Prices Crash, Rolex Downturn Persists

  • TopWealth.World
  • October 16, 2023
LVMH, billionaire, Bernard Arnault, LVMH Shares Tumble As Luxury Bubble Unravels 
View Post
  • Brands
  • Money

‘It Ain’t Gucci’: LVMH Shares Tumble As Luxury Bubble Unravels 

  • TopWealth.World
  • October 16, 2023
Australia, millionairs, billionairs, migration of capital
View Post
  • Money

Mapped: The Migration of the World’s Millionaires in 2023

  • TopWealth.World
  • September 21, 2023
Birkenstock IPO
View Post
  • Brands
  • Money

Birkenstocks: The humble sandal maker is set to IPO

  • TopWealth.World
  • September 18, 2023
The owner of Coach is acquiring the owner of Versace for $8.5 billion
View Post
  • Money

The owner of Coach is acquiring the owner of Versace for $8.5 billion

  • TopWealth.World
  • September 14, 2023
Tom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal
View Post
  • Money

Tom Ford is a newly minted billionaire, thanks to the $2.8B Estée Lauder deal

  • TopWealth.World
  • September 13, 2023
L’Oréal buys Aesop in $2.5 billion deal, its biggest acquisition ever
View Post
  • Money

L’Oréal buys Aesop in $2.5 billion deal, its biggest acquisition ever

  • TopWealth.World
  • September 13, 2023
View Post
  • Money

Unicorns are rare again

  • TopWealth.World
  • August 10, 2023

Join our free Dispatch

Every Tuesday in your inbox

Top Wealth World

Input your search keywords and press Enter.