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Iceland Adopts Legislation implementing 39% One-Off Stability Levy on Certain Financial Undertakings

|Approved Changes|Iceland
Iceland

On 3 July 2015, the Icelandic Ministry of Finance and Economic Affairs announced the adoption of a 39% one-off stability levy on certain financial undertakings to be paid in four installments in 2016.

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The Icelandic parliament Althingi today passed the Bill of the Minister of Finance and Economic Affairs on a stability levy, concerning which a political consensus was achieved in the Althi…

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