European Semester for economic policy coordination: employment and social priorities for 2024

Tabled by Pedro Marques, Agnes Jongerius, Lina Gálvez Muñoz, Aurore Lalucq

Added: 8a. Considers that the taxation structure in the EU currently places a much heavier burden on labour than capital, which contributes to significant income and wealth inequalities across the Union; calls for the adoption of a general and permanent EU windfall profits taxation framework in all sectors; stresses that the revenues generated should be allocated to public welfare, economic development, or other socially beneficial initiatives; calls for the implementation of other progressive forms of taxation in order to fight inequalities and promote social, economic, environmental and tax justice; calls on the Commission to present a proposal for new own resources based, among other things, on revenues from a common EU wealth tax on the super-rich, and a minimum EU capital gains tax, to reduce inequalities, finance the ecological and digital transitions and ensure sustainable and shared prosperity in the EU;

Wording as published by the EP, in English. PE760.472