Revised Levies for EU Budget to Be Published in October

European Union leaders expect an amended proposal on new bloc-wide taxes in October, as talks over its next seven-year budget continue.

EU leaders at a summit in Brussels on Friday tasked Ireland, which will hold the EU’s rotating presidency from July, with making the amendments that will be discussed at a leaders’ summit that month, according to an EU official.

The European Commission proposed a 2 trillion euro ($2.3 trillion) budget last year that is to be partly funded by new taxes on large companies, a share of countries’ tobacco excise revenue, and a levy on uncollected electronic ...