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Czech News in English » Business » Finance » PM's party puts bank tax back on election menu

PM’s party puts bank tax back on election menu

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The Czech Republic’s ruling centre-left Social Democratic Party will propose a special tax on banks to help fund schools and infrastructure and keep profits from leaving the country as part of its manifesto for elections in October. The plan was revealed on Tuesday by Prime Minister Bohuslav Sobotka, whose Social Democratic Party trails coalition partner the ANO movement of Finance Minister Andrej Babiš by a large margin in the polls. ANO opposes a bank tax.

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