According to the Bank of Estonia, the 14 per cent advance income tax on dividends for credit institutions planned by the government could result in the weakening of the financial system, cause unwanted consequences, and go against the rules of the European Union.
“As the central bank, we are cautious about all changes to the legal environment that could increase risks to financial stability. This is why we see risks in the amendment described in the draft legislation, which would decrease the banks’ motivation to raise capital in Estonia,” Madis Muller, ...
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