Reuters: US Dollar Report: Cyprus gets 10 bln euro bailout, will raise corporate tax - source

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Cyprus gets 10 bln euro bailout, will raise corporate tax - source Mar 16th 2013, 01:56 BRUSSELS, March 16 | Fri Mar 15, 2013 9:56pm EDT BRUSSELS, March 16 (Reuters) - International lenders and Cyprus agreed a bailout deal worth 10 billion euros for the Mediterranean island early on Saturday, a senior source involved in negotiations told Reuters. Under the emergency lending programme, Cyprus agreed to increase its nominal corporate tax rate by 2.5 percentage points to 12.5 percent, the source added.

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