... the whole EU. The proposal would create essentially a new revenue stream for the Member States and the EU budget – in line with the Proposal for a Council Decision on the system of own resources ... necessary complementary proposals setting out how the FTT could be used as a source for the EU budget. EN 12 EN 2011/0261 (CNS) Proposal for a COUNCIL DIRECTIVE on a common system of financial ... LEGISLATIVE FINANCIAL STATEMENT 1. FRAMEWORK OF THE PROPOSAL/ INITIATIVE 1.1. Title of the proposal/ initiative Council Directive on a common system of financial transaction tax and amending Directive...