Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

The New ‘Plan B’ In Cyprus Doesn’t Even Look That Different Than ‘Plan A’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Joe Weisenthal
Business Insider
March 19, 2013

The initial “Plan A” of the Cyprus bailout was simple.

Those holding less than 100K euros in their bank accounts would be subject to an instant deposit levy of 6.75%.

Those holding more than 100K euros would face a tax of 9.9% (on deposits above the threshold).

Yesterday there was growing talk about making it all more progressive, and even completely sparing sub-100K depositors, who were technically “insured.”

The downside of sparing sub-100K depositors is that you have to really crank up the tax on the rich, and that means hitting the Russians and other folks who use Cyprus as an offshore banking center, which is fine, but then you’re decimating one of the island’s biggest industries.

Full article here

This article was posted: Tuesday, March 19, 2013 at 6:22 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About the Michael Brown Shooting See the rest on the Alex Jones YouTube channel.

Cop: Get a Gun, We Can't Protect You From Ferguson Violence See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.