This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 20 °C Thursday 18 July, 2019
Advertisement

Poll: Is Cyprus right to tax people's savings?

Cyprus is trying to push ahead with the EU bailout deal which will see people’s savings taxed – but is this fair?

Image: AP Photo/Petros Karadjias

CYPRUS POLITICIANS FACE an uphill battle today to pass the EU’s bailout deal for the island with its deeply unpopular proposal to tax people’s savings.

The one-off  bank levy is unprecedented in EU bailouts. The move is aimed at getting money from rich depositors – particularly Russian oligarchs, who are believed to have billions in Cyprus’s banks – who will pay the most amount of money, but will affect anyone with any money in a savings account. It will also reduce the amount of money that the country will need from EU creditors in the bailout.

So today we’re asking: Is Cyprus right to tax people’s savings?


Poll Results:

No (1817)
Yes (212)


  • Share on Facebook
  • Email this article
  •  

Read next:

COMMENTS (191)