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  • October 22, 2014
  • Last updated: 11:33am
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Results 1 - 6 of 6 for tax avoidance and tax evasion

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  1. Business - Money - Cyprus

    Cyprus bailout deposit tax rattles global markets

    Posted Mar 18th 2013, 11:17am by Associated Press

    ... Associated Press in London Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of the 17 European Union countries that use the common euro, the tax on depositors ...

  2. News - World - Cyprus

    Cyprus approves first EU bailout measures as clock ticks

    Posted Mar 22nd 2013, 08:56pm by AFP

    ... to be debated including a tax of up to 15 per cent on bank deposits of 100,000 euros (US$129,000) and more. MPs flatly rejected the levy in slightly different form last Tuesday. Three days later, ... per cent on bank deposits above 100,000 euros. Plans for a tax of 9.9 per cent tax on amounts over 100,000 euros were knocked back by lawmakers when an initial plan was put to the vote, ...

  3. News - World - Cyprus

    Cyprus girds for run on banks after sealing bailout

    Posted Mar 25th 2013, 09:33pm by Reuters in Nicosia

    ... (US$13 billion) rescue plan agreed there in the early hours of the morning was “painful” but essential to avoid economic meltdown. He has agreed to close down the second-largest bank, Cyprus ... to show German voters she is not wasting their taxes six months before an election, said the deal was right because it ensured that those who contributed to the crisis were required to pay towards ...

  4. Business - Economy - Cyprus

    Cyprus bailout cost jumps in threat to teetering economy

    Posted Apr 12th 2013, 01:56am by AFP

    ... bloated banking sector, raise taxes, downsize the public sector workforce and privatise some state-owned firms. Stylianides was commenting on a new assessment of Cyprus’s financing needs ... be even higher. Those in Laiki will have to wait years to see any of their money over 100,000 euros. A further 600 million euros would be raised through a corporate tax rise, 400 million euros ...

  5. News - World - Cyprus

    Cyprus baulks at painful EU bailout terms

    Posted Mar 17th 2013, 06:51pm by AFP

    ... Agence France-Presse in Nicosia Cyprus postponed an emergency debate in parliament on a controversial EU bailout on Sunday, threatening a prolonged closure of the island’s banks as MPs baulk at an unprecedented tax on savings. Fellow euro zone countries and international creditors imposed the deeply unpopular levy of up to 9.9 per cent on all deposits in the island’s banks ...

  6. News - World - Cyprus

    Cypriots head to polls for new president, euro bailout in the balance

    Posted Feb 17th 2013, 03:04pm by Agence France-Presse in Nicosia

    ... are eligible to vote, perhaps managing to secure the 50-per cent threshold that would avoid a run-off. His closest challenger is former health minister Stavros Malas, 45, a British-educated independent ...



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