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Key Takeaways:
- 0.1% transaction tax on crypto could generate €3-4B annually.
- Unified crypto capital gains tax projected at €1-2.4B per year.
- Combined crypto taxes could reach €20B across the 2028-2034 budget.
- 3% gambling levy on operator margins estimated at €1.9B per year.
- All 27 member states must unanimously approve for any of this to pass.
The European Commission is building its case for the 2028-2034 long-term budget, and the numbers it needs are large. The current proposal package targets roughly €11 billion in new annual revenue, combining taxes on Big Tech digital services, online gambling, and cryptocurrency. Across the full seven-year cycle that approaches €77 billion in additional spending capacity. The Commission needs new sources, and two industries it has historically undert...
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