Europe Announces Bailout For Cyprus — Bank Depositors Get Instant 10% Tax

Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by memi on Saturday March 16, 2013 @09:22PM (#5387542)

I do have offshore company with Cyprus company current account. Does this tax also affects my company?

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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by KateScisel on Saturday March 16, 2013 @10:09PM (#5387695)

Yes, if your money is in Cyprus. You will be granted shares in your bank of equivalent value to your losses. Does it help? LOL

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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by xachen on Saturday March 16, 2013 @10:01PM (#5387671)

The risk of doing business in an offshore jurisdiction.

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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by Pro_bity on Saturday March 16, 2013 @10:03PM (#5387680)

I think so.

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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by martinced on Saturday March 16, 2013 @10:36PM (#5387802)

This tax only affects residents living in Cyprus.

This is already a crazy tax but if they're confiscating money on private companies' bank accounts they'll be killing the economy.

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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by IbJacked on Sunday March 17, 2013 @12:10AM (#5388096)

I didn't see any references to "only affects residents living in Cyprus". From the articles I've read, it appears to be a tax on all deposits, regardless of foreign or domestic, personal or business.

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