Stavrakis: Cyprus package could include corp tax hike

A fiscal consolidation package to plug Cyprus's financing gap could include increases in taxation for Cypriot companies and banks, Finance Minister Charilaos Stavrakis said on Thursday.

Stavrakis said the government was in talks with coalition partners to raise revenue next year and meet an EU commitment that the island's public deficit not exceed 4.5 percent.

In addition to possibly raising corporate tax and taxing banks, Stavrakis said authorities were considering a new tax calculation system for large landowners.