Brussels is once again pushing forward with an unprecedented tax proposal: a new levy for large companies based not on their profits, but simply on their revenue. This is revealed in a confidential leaked document obtained by The European Conservative, which outlines the creation of the so-called CORE (Corporate Resource for Europe).
The project, classified as “sensitive” and for “restricted circulation,” proposes imposing this “super tax” on all companies with annual revenues exceeding 50 million euros, including subsidiaries of foreign multinationals operating within the EU. The tax would be a fixed annual contribution based on revenue volume, meaning that companies with minimal profit margins—or even losses—would still be required to pay.
The underlying goal is the same as always: Brussels wants more money. With rising expenditures on defense, the green transition, immigration, and digitalization—and with COVID-related debt maturing—the Commission has chosen to double down on its fiscal push. This new levy adds to a series of other proposed taxes, including those on electronic waste, tobacco, non-recycled plastics, and CO₂ emissions.
Beyond its economic impact, the plan has a clear political dimension. Member States would be required to collect the tax and transfer the revenue directly to Brussels, with the Commission overseeing the entire process. Experts warn this represents a troubling step toward the erosion of national fiscal sovereignty.
The proposal is based on Article 311 of the Treaty on the Functioning of the European Union, which means it requires unanimous approval by the Council and national ratification. Even so, it could come into force by 2027 or 2028 if all governments agree.
At a time when Europe needs to attract investment and strengthen its competitiveness, this proposal sends a devastating message to business leaders and investors: Europe is no longer a reliable place to do business. The combination of excessive regulation, an energy crisis, and now taxes on revenue threatens to further weaken the continent’s productive fabric.
