Why do people keep harping on the legal tax minimizing jurisdiction of Cypus.
Tax stuff is completely retarded and besides the point!
Who actually PLANS to move to a high tax jurisdiction anyway....
and how does a poor jurisdiction bring investment and business?
Cypus made laws to attract money and businessmen
that turned a rock in the water into a thriving economy.
This man and possibly many others probably worked their A$$ off to save over 100k only to have it
stolen.
Meanwhile, facebook pays no taxes since they're based in bermuda! yeah right! Blatant Evasion!
EU is performing middle class robbery. The only group of people that post a threat to the EU.
Business people that are smart and can think.
It's even more criminal to take a functioning bushinesses working capital or that of any man's savings even if there was tax incentives to be there. The Cyprus/EU bait and switch?
If this is what the world has come to run for the hills.
They had to leave the accounts with 100k or less alone to keep the rioters off the streets.
Since 100k and less account holders are the majority of people.
The business folk losing tons will not be out in mass rioting like the smaller account holders would have been.
...and if this is an example of what most small to medium size businesses are facing Cyprus is TOAST!
What profitable business that did have over 100k in their bank account is going to want to stick around.
(unless you want to help rebuild with a bitcoin based biz an economy)
and what business is going to save over 100k or any money in backs again in Cyprus.
Warning to the rest of the world.
Get you money out of banks
The only other way to fight back at this point is to leave the country and ideally for a non-euro jurisdiction.
I would not stick around.