'Nothing is certain but death and taxes' goes the saying, with a new proposal from the European Commission designed to get the European financial sector to pay more of the latter.
As cash-strapped governments cast around in search of new funding sources, Thursday's (7 October) non-legislative communication from the commission weighs up the viability and potential revenue gains to be made from a financial transactions tax (FTT) and a financial activities tax (FAT).
"We must make...
Back our independent journalism by becoming a supporting member
Already a member? Login here