Cyprus Proposes Exempting Smaller Deposits From Tax

The government of Cyprus is trying to ease fears over a proposed tax on bank deposits. Newly proposed legislation would exempt savers with smaller accounts. It's part of a bailout plan for that Mediterranean country, negotiated with the E.U. and IMF over the weekend.

Source: http://www.npr.org/2013/03/19/174725017/cyprus-proposes-exempting-smaller-deposits-from-tax?ft=1&f=1006

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