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Cyprus News Agency: News in English, 10-07-08

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] PARLIAMENT BILLS REJECTION

  • [01] PARLIAMENT BILLS REJECTION

    The House of Representatives rejected Thursday a government bill to raise corporate tax.

    The government legislation, which provided for an increase of the corporate tax by one percentage point to 11% for two years, was voted down with 26 votes against and 21 votes in favor.

    Meanwhile, the House Plenary rejected a government bill providing for the introduction of a 7 per mille tax for approximately 8.000 big real estate owners.

    The bill was rejected with 31 votes against and 16 in favor.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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