The Commission is seeking views on the possible design of financial sector tax and its effects. It wants wide range of views following its Communication of October 2010, which it will consider before publishing a legislative proposal in the summer of 2011. It asks for views generally on the system of taxation in the financial sector, and whether certain parts of it are over- or under-taxed. It looks at the differences between getting money as a tax rather than a regulatory levy and how financial transaction or financial activity taxes could work. It asks for comments by 19 April 2011. (Source: Midday Express and Consultation Paper)