Cyprus latest: EU forces closure of banks ~ NewLookTrial

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Tuesday, 26 March 2013

Tuesday, March 26, 2013 Posted by Jake No comments Labels: banks, budget cuts, credit crunch, HMRC, taxation

Cyprus latest: EU forces closure of banks

Posted by Jake on Tuesday, March 26, 2013 with No comments | Labels: banks, budget cuts, credit crunch, HMRC, taxation

Cameron catches up on the news...

SOURCE GUARDIAN: Cyprus bailout deal with EU closes bank and seizes large deposits
The Cypriot economy is based on a banking sector that has been used as a tax haven and a home to laundered money. The EU bailout plan will close the second largest bank, with the wealthiest depositors, shareholders and bondholders losing substantial amounts.

OUR RELATED STORIES:

LATEST: Think you’re paying less tax now? The withdrawal of Working and Child Tax Credits leaves low earners paying a 73% marginal tax rate, and medium earners paying even more

RIP-OFF NEWS ROUND-UP, OUR PICK OF THE LAST WEEK'S MEDIA

YOU'RE FIRED?! We are already nearly the most easily fired people in the developed world

EYE OPENER: Housing Equity Withdrawal took off in 1979. Since then almost all UK growth has suspiciously equalled the amount we took out. Looks like it’s pensions next

DID YOU KNOW? MPs are getting a 10% pay hike in May, to £74k

Tuesday, 26 March 2013

Cyprus latest: EU forces closure of banks

The UK is a global leader in tax dodging services. Is Cameron serious about closing it down?

In numbers (+ a cool animation): Global tax evasion and money laundering

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