Banks push back against AKEL windfall tax, with parliament battle expected

Cyprus’s banks are digging in against a proposed windfall tax as parliament prepares for a heated debate over AKEL’s bill to impose an emergency solidarity levy on credit institutions for 2025 and 2026. The left-wing party’s proposal aims to ensure fair distribution of burdens arising from cumulative inflation and interest rate rises over the past … Continue reading Banks push back against AKEL windfall tax, with parliament battle expected