Changes from A7 to A7

eliminate the principle of unanimity specifically for the introduction of new autonomous European taxes, while ensuring the harmonisation of tax systems1;systems; [Annex I]

● Stressing that a Fiscal Union and a centralised investment capacity could allow for economies of scale, thereby reducing the aggregate cost of public goods;

● Stressing that a Fiscal Union and a centralised investment capacity could allow for economies of scale, thereby reducing the aggregate cost of public goods; ● Condemning the utter lack of transparency and democratic accountability in the EU budgetary process, whereby the European Parliament does not enjoy equal powers in determining the Multiannual Financial Framework or raising of revenues2; ● Highlighting the leverage held by Member States within the Multiannual Financial Framework (MFF), given that their national contributions constitute the primary source of the EU budget;

● Condemning the utter lack of transparency and democratic accountability in the EU budgetary process, whereby the European Parliament does not enjoy equal powers in determining the Multiannual Financial Framework or raising of revenues; [Annex II]

● Highlighting the leverage held by Member States within the Multiannual Financial Framework (MFF), given that their national contributions constitute the primary source of the EU budget;

common tax base impose higher compliance costs on European companies, undermining their cross-border expansion and the integrity of the Single Market;

1 While the European Parliament acts as a joint authority for the annual budget, its influence is constrained by the MFF. The European Council and the Council retain primary control by setting the long-term political guidelines and spending ceilings. Consolidated version of the Treaty on the Functioning of the European Union, Part Six, Title II, Articles 312 and 314, EUR-Lex, Publications Office of the European Union, EUR-Lex - 12012E/TXT - EN - EUR-Lex, 26 October 2012.2 Tax harmonization refers to the partial alignment of national tax laws and the unification of tax bases.

1. Fiscal capacity, which is the power to raise taxes through ana European Tax Authority, consisting only of autonomous revenues to ensure the Union possesses

essential European public goods, such as common defense and energy infrastructure;[Space]

Annex I

While the European Parliament acts as a joint authority for the annual budget, its influence is constrained by the MFF. The European Council and the Council retain primary control by setting the long-term political guidelines and spending ceilings. Consolidated version of the Treaty on the Functioning of the European Union, Part Six, Title II, Articles 312 and 314, EUR-Lex, Publications Office of the European Union, EUR-Lex - 12012E/TXT - EN - EUR-Lex, 26 October 2012.

Annex II

Tax harmonization refers to the partial alignment of national tax laws and the unification of tax bases.