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United Kingdom

dipsydoodle

(42,239 posts) Sun Mar 17, 2013, 07:17 AM Mar 2013

Cyprus bank levy: UK to compensate troops and government workers [View all]

The UK will compensate any British troops in Cyprus hit by plans to introduce a bank levy as part of a £9bn EU bailout, the chancellor has said.

British government workers would also be protected, George Osborne said.

Under the plans, people in Cyprus with up to 100,000 euros in the bank would have to pay a one-time tax of 6.75%; those with more than that 9.9%.

The move could affect many of the 3,000 UK military personnel in Cyprus, and tens of thousands of expatriates.

http://www.bbc.co.uk/news/uk-21820237

6 replies

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Cyprus bank levy: UK to compensate troops and government workers [View all] dipsydoodle Mar 2013 OP

But some animals are more equal... N/T catnhatnh Mar 2013 #1

The division might be dipsydoodle Mar 2013 #2

I do not understand why the Europen Union is doing this. pennylane100 Mar 2013 #3

It is partly a graduated tax dipsydoodle Mar 2013 #4

As I understand it the levy is not strictly a tax as the money is not transferred to the govenment fedsron2us Mar 2013 #5

I see your point dipsydoodle Mar 2013 #6