Savers In Cyprus Pay 10% To Eu Bail Out

Ann | 00:37 Sun 17th Mar 2013 | ChatterBank

7 Answers

Do you agree with this
http://www.dailymail.co.uk/news/article-2294388/ATMs-emptied-Cyprus-savers-learn-10billion-euro-bailout-agreement-includes-levy-bank-accounts.html#comments

Do they pay income tax in Cyprus?
More importantly - could it happen here?

Your thoughts please .............

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It will obviously give the UK Chancellor some food for thought for next week's budget!

Ann

Question Author

Well if they don't pay income tax in Cyprus they are better off than us who pay tax - is it 20%?

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Ann

Question Author

Quite scary though, isn't it? How can they just "raid" people's savings like that, without prior warning too - disgraceful.

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ummmm

HW - you'll still have the property tax to pay shortly.

I was a bit taken aback last week. Ireland is now a bankrupt country full of mansions.

Ann

Question Author

Are their ATMs like ours i.e. you can only withdraw £200 per day - if so, why bother for £2 saving?

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