Dyankov: Tax on Bank Excess Profits Will Bring in €1 Billion.
4 Articles
4 Articles
A temporary tax on excess profits of banks in Bulgaria could bring over €1 billion to the budget and help reduce the deficit, without an overall increase in corporate tax for the banking sector. This is stated by the Chairman of the Fiscal Council Simeon Dyankov in an analysis of the taxation of extraordinary profitability of banks in the European Union. According to him, the measure should be aimed not at the entire profit of banks, but at the …
The ideas of "Progressive Bulgaria" for taxing the excess profits of banks, telecoms, retail chains, insurance companies and ...
The introduction of a temporary tax on extraordinary bank profits in our country could provide over 1 billion euros for the state budget and prevent the planned increase in VAT, payroll taxes and social security contributions for citizens.
The proposal for a temporary tax on banks' excess profits has received strong support from the Chairman of the Fiscal Council, Simeon Dyankov. In his own analysis, he points out that Bulgaria would be far from an exception in the European Union - in recent years, 12 countries have already introduced various forms of additional taxation of the banking sector. According to him, a properly constructed temporary measure could bring over 1 billion eu…
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