Showing posts with label Cyprus tax on deposits. Show all posts
Showing posts with label Cyprus tax on deposits. Show all posts

Monday, March 25, 2013

Cyprus to tax deposits to raise money?

From Bullfax.com | March 16, 2013

The hot news out of Cyprus is that the govt will impose a tax of 6.75% for amounts less than 100,000 Euros and 9.9% for amounts above that.  The measure will raise 5.8 bln Euros.

What do you think of this measure?

Is it desperation measure?  But Germany and USSR did that before. 

Is it bound to happen in US for US to pay its huge debts?

Do you think this is an authentic news or a hearsay