Implications of Taxing Banking Transactions Explored

The latest proposal by the Ministry of Economic Affairs and Finance on taxing bank transactions has provoked the ire of economic players and business owners. 
A large swath of shop-owners in Tehran, Arak and other cities closed their doors to protest the new measure; they wanted government officials to understand that sanctions and inflation have increased pressure and that the new tax would be synonymous with the end of their businesses. 
The statement was made by Morteza Afqah, an economist and university professor, in a write-up for the Persian-language daily Etemad.