...and Better Lawmaking. "Financing the European Union (EU or Union) appears to be the next hot topic of debate for the EU's Member States. A financial transaction tax (FTT), which is a tax placed on the transactions of stocks, bonds, and derivative products, is one of the proposed financing options. As proposed by the European Commission (Commission), financial institutions, on both sides of the transaction, would be liable for this tax." (Quoted from paper)