This book investigates the legal and financial feasibility of introducing a European Union tax as a direct source of revenue. The European Commission proposed an EU Tax in 2004 to address the current system's shortcomings, including its lack of direct connection to citizens and reliance on national transfers. The author examines whether the existing EC legal framework is adequate for such a tax or if treaty amendments are required. Furthermore, the analysis considers the compatibility of an EU Tax with member states' financial systems and its practical administrative implementation.

The book critically examines the European Commission's proposal for an EU Tax, focusing on its legal and financial implications. It delves into the adequacy of the current EC legal framework and the potential need for treaty revisions. The analysis also addresses the practical aspects of integrating such a tax into member states' financial and administrative systems. The work serves as a detailed legal and economic assessment of a significant proposed reform within the European Union.