Ex-pats and money in Cyprus banks
#31
BE Enthusiast
Joined: Feb 2006
Location: Perth since 1997
Posts: 590
Re: Ex-pats and money in Cyprus banks
Is it? My daughter's father-inlaw is Greek Cypriot, wife English, they live 3/4 of the year in Cyprus. One reason is to reduce tax burden in UK. For years, they try to pay their income tax in Cyprus. Until today, nobody bothered to take out the tax from their account. The govenrment is bloody stupid, has no clue whatsoever to run the place. I have been there. It is shameful that a country got so far. The people should go to the streets against the government and nobody else. One word says it all - Nepotism.
#32
Re: Ex-pats and money in Cyprus banks
Is it? My daughter's father-inlaw is Greek Cypriot, wife English, they live 3/4 of the year in Cyprus. One reason is to reduce tax burden in UK. For years, they try to pay their income tax in Cyprus. Until today, nobody bothered to take out the tax from their account. The govenrment is bloody stupid, has no clue whatsoever to run the place. I have been there. It is shameful that a country got so far. The people should go to the streets against the government and nobody else. One word says it all - Nepotism.
#33
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Ex-pats and money in Cyprus banks
Whilst the Govt has to take the blame - how much are they under the thumb of the German led European Bank who are providing bailout money.
Isn't this a tax forced on Cyprus for that bailout ??
Is this a reaction to the EB lending money to Greece and see it go down the drain ??
`
Isn't this a tax forced on Cyprus for that bailout ??
Is this a reaction to the EB lending money to Greece and see it go down the drain ??
`
#34
Re: Ex-pats and money in Cyprus banks
Its true, Greece needs to address its countries Tax avoiders ....... but these actions only attack people who actually have their money in local banks. The tax fraudsters wouldn't be leaving it in local bank accounts
So the honest pay for the dishonest
So the honest pay for the dishonest
#35
Just Joined
Joined: Mar 2013
Posts: 1
Re: Ex-pats and money in Cyprus banks
Joe, I'm a journalist at the BBC in the UK- could you possibly drop me an email - hoping to talk on this. [email protected]
Thanks!
Thanks!
Shocked to hear that the EU bailout will be partly financed by money held in Cyprus bank accounts:
Those with under 100,000 euros deposited must pay 6.75%
Those with more than 100,000 in their accounts must pay 9.9%
The money will simply be taken from accounts.
This is nothing short of robbery.
Imagine if you had just transferred money to Cyprus to buy a property? What then? Will you lose 9.9% of it for investing in Cyprus?
Those with under 100,000 euros deposited must pay 6.75%
Those with more than 100,000 in their accounts must pay 9.9%
The money will simply be taken from accounts.
This is nothing short of robbery.
Imagine if you had just transferred money to Cyprus to buy a property? What then? Will you lose 9.9% of it for investing in Cyprus?
#36
Just Joined
Joined: Mar 2013
Posts: 1
Re: Ex-pats and money in Cyprus banks
Hi all,
I'm a reporter from Bloomberg News helping to cover the Cyprus bank levy story. I appreciate this is a difficult time but would really like to interview some British expats about the situation and how it may affect them personally.
I can be reached at [email protected], @crowleykev on twitter or +44-207-073-3304. Feel free to pass on my details to any friends or relatives who may be interested in being interviewed.
Many thanks,
Kevin Crowley
I'm a reporter from Bloomberg News helping to cover the Cyprus bank levy story. I appreciate this is a difficult time but would really like to interview some British expats about the situation and how it may affect them personally.
I can be reached at [email protected], @crowleykev on twitter or +44-207-073-3304. Feel free to pass on my details to any friends or relatives who may be interested in being interviewed.
Many thanks,
Kevin Crowley
#37
Banned
Joined: Oct 2012
Posts: 26,724
Re: Ex-pats and money in Cyprus banks
With an estimated $20-25billion dollars of Russian money in Cypriot banks, much of which has a dubios background the decision of the EU not to give 100% support to Cyprus which has become a tax haven is understandable.
The delay in a vote suggests that negotiations are continuing which hopefully will reduce the impact on the domestic savers with less than E100,000 in their accounts.
The delay in a vote suggests that negotiations are continuing which hopefully will reduce the impact on the domestic savers with less than E100,000 in their accounts.
#38
Forum Regular
Joined: Oct 2012
Location: Haloze
Posts: 185
Re: Ex-pats and money in Cyprus banks
Paying money straight into a seller's bank account is a very dangerous thing to do in any country and really bad advice.
Once the transfer is made, who is to say the seller will vacate the premises? What recourse do you have except a lengthy and costly legal battle in a foreign country?
Nobody would buy a property like that in the UK so why when we go abroad do we start acting differently?
Once the transfer is made, who is to say the seller will vacate the premises? What recourse do you have except a lengthy and costly legal battle in a foreign country?
Nobody would buy a property like that in the UK so why when we go abroad do we start acting differently?
#39
Re: Ex-pats and money in Cyprus banks
Yes, it is really unbelievable!
That should make us think a lot about the situation in which we are and governments...
That should make us think a lot about the situation in which we are and governments...
#40
BE Forum Addict
Joined: Aug 2011
Posts: 2,578
Re: Ex-pats and money in Cyprus banks
Maybe they will reconsider?
http://uk.finance.yahoo.com/news/cyp...235546543.html
http://uk.finance.yahoo.com/news/cyp...235546543.html
#41
Re: Ex-pats and money in Cyprus banks
latest rumour (on ITV News this lunchtime) is that savers with less than 20Keuros will be spared.
#42
Just Joined
Joined: Jan 2013
Posts: 3
interest rates in Cyprus
As you can see in the attached file , a Cyprus bank offered 10% on 5 years deposit over 150,000 $.
Are these normal rates for Cyprus ?
Are these normal rates for Cyprus ?
#43
BE Enthusiast
Joined: Jan 2007
Posts: 835
Re: Ex-pats and money in Cyprus banks
Which ever way they try it,it's a disgrace.Yet another attempt to foist collective guilt on the "man in the street".......and here was me thinking the economic crisis was the fault of the banks and government,when really it was me
#44
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Joined: Jun 2010
Location: Disneylandia
Posts: 1,824
Re: Ex-pats and money in Cyprus banks
'luego,
'o nonno
#45
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Joined: Jan 2007
Posts: 835
Re: Ex-pats and money in Cyprus banks
Could this point to a different agenda? http://www.bbc.co.uk/news/business-21831943