Declining Profits of Banks in Czech Republic Raises Concerns for Windfall Tax Revenue
Finance Minister Zbyněk Stanjura has a problem. According to data from the Czech National Bank, the profit of banks and savings banks in the first quarter of this year fell by approximately CZK 2.4 billion year-on-year to approximately CZK 21 billion. But the profits of the banks were supposed to be another source of money … Read more