By Ioannis Tirkides
The Cypriot tax system, which was designed almost a quarter of a century ago, in 2002, is facing problems of ageing. Although it was originally designed to be competitive at an international level, the existing system involves unproductive discrimination against domestic companies, favors increasing foreign ownership, and, after a long period of accumulated inflation, places an excessive burden on lower income groups.
By comparison, it is one
