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Agence France-PresseMarch 22, 2013 15:04
URGENT ¥¥¥ Cyprus bailout foresees 15% tax on big bank deposits: TV
Cyprus state television said Friday a "Plan B" bailout the government is negotiating with eurozone lenders envisages a tax of 15 percent on bank deposits of more than 100,000 euros.
Plans for a "haircut" of 9.9 percent tax on amounts over 100,000 euros were knocked back by lawmakers when an initial plan was put to the vote on Tuesday, but with other attempts to secure funding proving fruitless, government officials said the tax option was back on the table.
Government spokesman Christos Stylianides told private Sigma television: "We are in the most crucial negotiations in our history. There is going to be a cost for everyone but it will give us a new beginning."
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http://www.globalpost.com/dispatch/news/afp/130322/urgent-cyprus-bailout-foresees-15-tax-big-bank-deposits-tv
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