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Czech Republic insists on its rejecting stance towards bank tax in EU
Date 08/09/2010 12:49  Author webmaster  Hits 916  Language Global
08 SEP 2010

Prague Daily Monitor

Brussels, Sept 7 (CTK) - The Czech Republic insists on its rejecting stance towards a possible introduction of a bank tax in the European Union (EU), Czech Finance Minister Miroslav Kalousek told journalists in Brussels yesterday.

The European Commission (EC) seeks to introduce a new bank tax whose revenues would be used for possible rescues of financial institutions.

The Czech Republic negotiated an exemption from the tax under the former cabinet of prime minister Jan Fischer in June.

"The new government follows in the steps of the caretaker cabinet. We insist that we do not want to introduce a bank tax or bank fees in the Czech Republic and we confirm the exception negotiated by (former) prime minister Fischer," Kalousek said.

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