Comment on Europe Announces Bailout For Cyprus — Bank Depositors Get Instant 10% TaxparentComments−martinced13yThis 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.−IbJacked13yI 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.
Comments
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.
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.