Windfall tax on banks heading for rejection
Banks as well as government officials on Monday all but gave the thumbs-down to the idea of taxing the windfall profits of commercial lenders, a proposal brought by opposition party ...
Windfall tax under ‘serious consideration’
The government is “seriously considering” levying a windfall gains tax on banks to offset the earnings they’re making due to the rise in interest rates, reports said on Tuesday.
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Finance ministry starts public consultation on windfall taxes
The finance ministry on Tuesday initiated a public consultation on two draft bills aiming to tax the windfall profits of producers and suppliers of energy generated from both fossil fuels ...
Akel’s solutions to energy crisis ‘mock the people’ says minister
The government clarified on Tuesday it will impose a special levy on suppliers and producers of electricity, but will tax them in a rational way that does not disincentivise the ...
In principle agreement to windfall taxes for energy companies
Government agencies on Tuesday agreed in principle with the notion of windfall taxes for fuel companies and renewables producers – as proposed by main opposition party Akel – but voiced reservations about ...
Akel, minister in war of words over windfall taxes
Main-opposition party Akel lambasted Finance Minister Constantinos Petrides on Tuesday after the latter responded with a tweet to the party’s July request for a meeting to discuss the implementation ...