(ANSAmed) - NICOSIA, JUNE 13 - Cyprus will be able to
maintain its corporate tax of 10%, even if the country asks for
the assistance of ESFS or the ESM for the recapitalization of
its banking sector, Finance Minister Vassos Shiarly said
yesterday as reported by Famagusta Gazette. Speaking during a
dinner, organized in Nicosia by the Cyprus-Russian Business
Association, Shialry referred to the example of Ireland, which
was able to maintain the country's favorable corporate tax when
the government received an 85 bln euros bailout from its
European counterparts. The Minister said that similar fears may
exist in Cyprus, but noted his confidence that "the corporate
tax will not be touched upon", even if the country takes refuge
to the EFSF to assist the recapitalization of one of its banks.
"We do everything we can so as to ensure that this valuable
asset of our financial sector will be maintained", Shiarly
noted. (ANSAmed).
