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Economy · Greece
Bank of Greece Opposes Faster Amortization of Deferred Tax
2 sourcesFirst reported 22 days agoUpdated 22 days ago
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What all sources covered
- The Bank of Greece argues against accelerating the amortization of deferred tax for banks.
- They warn that such acceleration could significantly reduce capital and threaten financial stability.
- A proposal suggested banks start paying regular taxes from 2028, which the Bank opposes.
- The Bank raises concerns about the implications for the Greek banking system.
- Current banks are already implementing accelerated amortization of deferred tax to improve capital quality.
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