Cypriots Reject Deposit Tax, But That Will Likely Change
March 19, 2013 at 14:49 PM EDT
The Cypriot parliament has reportedly rejected the bill to levy taxes on depositors. This bill would have no tax on deposits below 20,000 euros, a 6.75 percent tax on deposits from 20,000 to 100,000 euros, and 9.9 percent above 100,000 euros.
