Sponsored Content
Cyprus: Small Investors To Be Excluded From Tax
People ♦
Published: March 19, 2013; 10:43 ♦ (Vindobona)

Sponsored Content
After protests among Cyprus‘ citizens arised and harsh criticism was expressed, the government now intends to exclude small savers from the compulsary tax and grant them a relief.

The initial proposal by the Eurogroup was rejected by the Cyprian government. Instead of charging all creditors with assets of up to € 100,000 on their bank accounts with a tax of 6.75 %, depositors with savings below € 20,000 will be given an allowance. Creditors with assets from € 20,000 to € 100,000 will still be charged with a levy of 6.75 % and assets above € 100,000…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Cyprus: Parliament Votes Tomorrow For Rescue Package (March 18, 2013)
Austria Pays Almost € 300m in Greek Aid (March 16, 2013)
Cyprus to Receive € 10bn in EU Aid Money (March 16, 2013)
Russia: Banks At Risk Of Losing Billions (March 14, 2013)
Sponsored Content
Read More
Featured