The hottest tax plan was originally a condition fo

2022-08-22
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The tax plan was originally a condition for Cyprus to receive aid.

according to foreign media reports, whether the Cypriot parliament decided the controversial bank deposit tax plan on Tuesday as if it had used "bone shrinking skill" for materials, even though the plan has been modified to not tax small retail depositors with an amount of less than 20000 euros. According to foreign media reports, the Cypriot Parliament rejected the controversial bank deposit tax plan on Tuesday, even though the plan has been revised to not tax small retail depositors with an amount of less than 20000 euros

according to CNBC, the Cyprus Parliament rejected the plan with 36 votes against, 19 abstentions and 0 votes in favor (1 absent). According to the requirements of international lenders, the tax plan was originally a condition for Cyprus to receive assistance

Cyprus has become the focus since the European Union tried to implement a 10 billion euro rescue plan in Cyprus and prepared to impose a one-time tax on bank deposits in the country at the weekend. On Tuesday, the Cypriot government submitted a revised bill proposing that accounts with deposits of less than 20000 Euros can be exempted from tax

although the amendment was made at the last minute, the Cyprus parliament still rejected the bill. If the European Union's emergency loan is not available, Cyprus' banking industry will default and collapse in the rainy season, which may cause instability in other parts of the eurozone

gizem Kara, an analyst at BNP Paribas, said: we think the EU decision on Cyprus is very dangerous, and it will make other places worried. Although this decision seems to be tailored to the special environment of Cyprus, and its influence is relatively limited, it is a precedent after all

according to foreign media reports, the finance minister of Cyprus has applied for resignation, but the finance minister of Cyprus subsequently denied this rumor. Media reports also said that the ruling party of the country's president anastasiades had previously supported the imposition of a deposit tax, and also changed its position before the vote, saying it would abstain