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Czech News in English » Business » Finance » Study: Sector tax on banks would spark economic slowdown

Study: Sector tax on banks would spark economic slowdown

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The possible introduction of a sector tax on banks in the Czech Republic would lead to a knock-on increase in the cost of financial products, according to an analysis conducted by the Centre for Economic and Market Analyses (CETA) published on Tuesday. This would mainly concern higher mortgage rates and more expensive loans for entrepreneurs, the study found.

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