The New Fiscal Framework also stipulated that international companies established before 2002 were subjected to a special tax treaty until the year 2019. This transitional special treatment, also referred to as the grandfathering rule, ensured the orderly and smooth transition from the old offshore regime to the new fiscal regime.
As I see it, the model with the Financial Stability Company has worked well and provided a robust and constructive approach to solving the problems. *** The largest credit institutions are those that we call systemically important financial institutions, or – in financial lingo – SIFIs. These institutions are important to society as a whole and to financial stability.