7% levy was proposed on all accounts, and it was illegal to put levy on insured deposits, and it was asked to put this levy on all banks even if they are solvent.
Can you quote what high interest rates are you talking about on deposits? And what about interest rates on Current Accounts? Business usually pay money to have these accounts.
Cyprus also has higher interest rates on mortgages, and most Cypriots have mortgages, so they are not actually having any profits because of "so-called" high rates.
If European Union is so concerned about Tax-Haven issues, why didn't they come clean and ask Cyprus to raise tax rates as they did in 2004 when Cyprus joined European Union, And what about Luxembourg, isn't it where Apple is registered for saving taxes ??
Can you quote what high interest rates are you talking about on deposits? And what about interest rates on Current Accounts? Business usually pay money to have these accounts.
Cyprus also has higher interest rates on mortgages, and most Cypriots have mortgages, so they are not actually having any profits because of "so-called" high rates.
If European Union is so concerned about Tax-Haven issues, why didn't they come clean and ask Cyprus to raise tax rates as they did in 2004 when Cyprus joined European Union, And what about Luxembourg, isn't it where Apple is registered for saving taxes ??