The European Commission has proposed a new annual tax targeting large companies with turnovers exceeding €50 million to help fund the European Union's expanded budget, which is set at €2 trillion. This levy is part of a broader effort to increase the EU's budgetary resources, including additional revenues from taxes on tobacco, carbon emissions, and electronic waste. The initiative aims to support the EU's policy objectives and strengthen its financial capacity. However, the plan has faced opposition from various business sectors, particularly in Germany, concerned about the impact of the new tax on competitiveness. The tax proposal is a key component of the EU's strategy to secure sustainable funding for its future programs and policies.