LEAKED REPORT: Brussels Targets Big Firms With Radical New Super Tax
16th July 2025
Brussels wants to slap a new tax on big companies—not based on what they earn in profit, but simply on what they take in. A leaked report by the European Commission, obtained by europeanconservative.com, proposes a sweeping reform of how the bloc funds itself. At the centre of the scheme is the so-called Corporate Resource for Europe (CORE), which would force large companies—including foreign ones that operate in the EU—to hand over a chunk of their annual turnover to Brussels, regardless of whether they made a profit or not.
Reminder: Companies do not pay tax. Companies merely collect tax. Tax, for a business, is just another expense–and, like every other expense, is rolled into the price that its customers pay. The people who actually pay the tax are those customers, who get to feel all warm a fuzzy about how the government is ‘sticking it to the man’. (Call it a tax on stupidity.)
The problem with socialism is that eventually you run out of other people’s money.
Stand by for articles describing, in shocked tones, how foreign companies operating in the EU are no longer operating in the EU because they can’t make any money. (In the U.S. we call that ‘Californication’.)