Tag archives for Cyprus

Global Economics

International Tax Update

Bailout takes its toll on Cyprus Cyprus’ Parliament has passed legislation that will raise corporate taxes to 12.5% (up from 10%), increase levies on transactions by credit institutions by 0.04%, and double the tax on bank deposit and interest and dividends collected via the Special Defence Contribution to 30%....
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Global Economics

Trouble in Cyprus

The Cyprus parliament has rejected the controversial bailout deal which was announced on Saturday, sending Cyprus President Nicos Anastasiades back to the drawing board. At first glance, news that a bailout plan for Cyprus has been reached sounds like a good thing. The Cypriot government reached out to the...
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