In its meeting of 28 June 2013, the cabinet approved the bill that introduces measures regarding environmental and corporate taxes, amongst other financial issues. The government will request the parliament to process the bill through the urgent legislative procedure. The main measures are summarized below. Corporate income tax The bill proposes to eliminate the deduction applicable to impairment losses related to the value of participations in listed and non-listed companies or losses obtained through permanent establishments (PE) abroad. In the latter case, an exception would apply regarding the transfer or cease of operations of the PE. A transitional regime would...