Own income/Own resources
- (Photo: European Commission)
The different types of income of the EU are called 'own resources' since they legally belong to the EU.
Custom duties are collected by the Member States on behalf of the EU. The EU pays the Member States 10% of the sum collected to cover the cost of collection. The incomes are decided by the Member States in the Council. The EU Parliament has no say.
The future
The introduction of an EU tax is envisaged. But, while the Commission strongly pushes for its introduction, an EU tax is fiercely resisted by many Member States.Links
See also Budget.