Arab Today, arab today cyprus new bailout plan drops tax on small savers
Last Updated : GMT 21:50:13
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Cyprus new bailout plan drops tax on small savers

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Arab Today, arab today Cyprus new bailout plan drops tax on small savers

Cyprus - AFP

A revised Cyprus bailout plan drops a controversial tax on bank savings below 20,000 euros but retains the levy at 6.75 percent on deposits of 20,000-100,000 euros and 9.9 percent above 100,000, according to an amended tax bill seen Tuesday by AFP. The bill was tabled before the House finance committee and was to be voted on by parliament later in the day.

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