#Windfall profits

A proposal to tax the ‘windfall’ profits of producers and suppliers of renewables-generated electricity ran into stiff opposition from industry but also the government during a parliamentary debate on Monday. ...

Disy and Akel on Wednesday were predictably on the opposite sides of the argument over the contentious ‘bank tax’ bill set to go to plenum on Thursday. Submitted by Akel, ...

Opposition party Akel is bent on taxing banks’ historically high profits on Thursday, while critics argue the move intended to effect social justice is misguided. Member of the House finance ...

By early next year the government will determine whether RES producers generated ‘windfall profits’ and – should that be the finding – tax those earnings, an official said on Monday. Giorgos Panteli, ...