Cypriot draft bill drops levy on deposits below 20,000 euros

Cyprus’s revised draft bill for a levy on bank deposits scraps the measure for savings under 20,000 euros but does not compensate for the resulting lost revenue by raising it for the wealthy. The draft, seen by Reuters, did not say if the new structure for the levy raises the required 5.8 billion…

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Cypriot draft bill drops levy on deposits below 20,000 euros

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