The financial transaction tax

This procedure concerns a proposal to introduce a new 'own resource' for the EU budget. This means a new way for the EU to collect its own funds, potentially through a tax on financial transactions. The aim is to ensure stable and predictable funding for EU policies and programmes.

This change would affect financial markets and potentially taxpayers involved in financial transactions. It could also impact the overall EU budget's revenue streams and how it is financed, requiring agreement from all Member States.