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It seems that a tax of (apparently) just under 20% on over EUR 100k was seen as too high, and would destroy Cyprus as an offshore banking centre, while under 10
by justincormack 14y ago
It seems that a tax of (apparently) just under 20% on over EUR 100k was seen as too high, and would destroy Cyprus as an offshore banking centre, while under 10% as "ok". Apparently the rest of the EU was happy with it all going on large amounts but Cyprus was not. But this may all be hearsay.