Czech Prime Minister Bohuslav Sobotka announced a proposal on 14 February 2017 to introduce a four-tiered bank tax that would be levied in addition to the standard corporate tax (19%). The tax would be based on asset value, with a top rate of 0.3% for banks with assets over CZK 300 billion. It would apply for both domestic and foreign owned banks in the Czech Republic. The likelihood of the pro…