The European Commission is drawing up a proposal that would introduce an annual charge on businesses with net turnover of €50 million or more, according to a draft seen by multiple media outlets. The levy is intended to create a new, direct revenue stream for the European Union and reduce reliance on national contributions in the next multi-annual financial framework covering 2028-35. Commission officials are also examining complementary measures, including shifting part of existing tobacco excise duties and possible taxes on electronic waste, to Brussels. Early internal estimates cited in Italian press suggest such steps could redirect around €15 billion a year from member-state coffers to the EU, although figures remain under discussion. The package is scheduled for consideration by the College of Commissioners on 16 July. If adopted, the plan would still require unanimous approval from the bloc’s 27 governments and ratification by national parliaments, setting the stage for a contentious debate over fiscal sovereignty and corporate competitiveness.