Left-wing 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 committee and Akel MP Andreas Kafkalias told the CyBC on Thursday his party had revised its earlier failed proposal to tax banks’ inordinate interest earnings through a temporary levy.
Elsewhere, committee chair and Diko MP Christiana Erotokritou reiterated previous criticism
