NICOSIA (Reuters) - Cyprus is considering the introduction of a tax-free threshold for smaller bank deposits, a government source said on Monday, in an attempt to win over lawmakers hostile to a bank levy announced over the weekend that is needed to avert a default.
"There is an attempt to mitigate the burden on smaller depositors, with a zero tax rate," the source told Reuters on condition of anonymity. He said the tax-free level was still under discussion.
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