May 19, 2013

Cyprus Bank Tax: UK Troops & Government Workers Compensated

George Osborne has confirmed that British government workers and troops that serve in Cyprus will be compensated on losses incurred by the savings levy. Cyprus bank accounts are facing a 9.99% levy on savings  over 100,000 Euro’s, while a 6.78% levy will be applied to all savings under 100,000 Euro’s.

Read More: BBC

Speak Your Mind