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Czech News in English » Business » Finance » Babiš says new taxes on banks, insurers and mobile operators are possible

Babiš says new taxes on banks, insurers and mobile operators are possible

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Prime Minister Andrej Babiš (ANO) told Czech Television on Sunday, that a new sectoral tax on banks, insurance companies and mobile operators, could be possible. The Finance Ministry is currently studying the implications.

The ČSSD, Babiš’ coalition partner, has been a long-time proponent of a tax on banks in the Czech Republic. A majority of Czech banks are foreign owned and pay large dividends outside the country. The ČSSD has submitted a proposal on the issue to the finance ministry.

Separately, Babiš could propose a tax on mobile operators, because he feels the three current operators have a monopoly-like grip on the market.

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