Socialists to Propose Scrapping Bank Deposits Tax

Socialists to Propose Scrapping Bank Deposits Tax

 The MPs of the Bulgarian Socialist Party plan to propose to the National Assembly to revoke in early 2014 the 10% tax on people's interest earned from bank deposits, a Socialist MP said in Parliament.

The tax is unjust as it puts the burden of the economic crisis on the common people, Dora Yankova, member of the parliamentary budget committee, said, as quoted by the Sofia News Agency (Novinite.com).
The controversial tax, which was proposed by Simeon Djankov, former finance minister in Boyko Borisov’s centre-right cabinet, came into force on January 1. Termless deposits, saving accounts, child savings and current accounts are not taxed.
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