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dixiegrrrrl

(60,010 posts)
Tue Jul 15, 2014, 05:00 PM Jul 2014

This is what a bail-in looks like in Spain:

(Reuters) - Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities.

The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.

Snip.....The government had last year fixed a zero percent tax rate on deposits across the 17 autonomous communities to prevent some of them charging their own rates, but never ruled out raising the taxation level.

http://www.reuters.com/article/2014/07/04/spain-tax-deposits-idUSL6N0PF2SF20140704

Note what Spain did...it first made a regulation of ZERO tax rate.
So everyone accepted that, left their money in the banks.
Then it notified people that their money in the banks was subject to a now increased tax regulation.
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