Nicosia (Reuters) - The Cypriot government is suggesting that deposits up to 20,000 euros be exempt from a bank levy announced over the weekend that the island needs to avert a default, a parliamentary official said on Monday.
Remaining deposits up to 100,000 euros would be taxed at 6.7 percent and deposits exceeding that would be taxed at 9.9 percent, the official said on condition of anonymity.
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