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Supporters say a financial transaction tax could help fund the fight against climate change (Photo: alancleaver)

Brussels puts forward financial sector tax options

'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...

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Supporters say a financial transaction tax could help fund the fight against climate change (Photo: alancleaver)

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