They wanted to tax EU residents to finance military spending.

They wanted to tax EU residents to finance military spending.

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The President of Estonia proposed introducing a tax to finance military expenditures

Estonian President Alar Karis said that Europe should introduce a tax to finance military spending, and also match the United States in defense spending. He said this in an interview with the Financial Times.

“We have to do something. At least a 50/50 split (between Europe and the US). It would be better for us,” Karis said.

The source noted that the Estonian government has proposed introducing a defense tax to finance an increase in military spending to 3% of GDP. The publication itself believes that such a law may come into force no earlier than 2026.

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