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Cyprus needs €17.5bn euros to finance, among other things, its financial sector, according to the International Monetary Fund. The European Union's bailout package will be offset by increased taxes on corporations, personal income, capital revenues and property.
The measures will mainly concern wealthy Russians who in the last two decades have been flocking to the island to evade taxes back home.
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A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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