Skip to comments.For Cyprus, The Pain Is Only Just Starting
Posted on 04/01/2013 6:15:42 PM PDT by dynachrome
Increase excise duties on energy, i.e., on oil products, by increasing tax rate on motor fuels (petrol and gasoil) by EUR 0.07 Increase the standard VAT rate from 17% to 18%. Introduce a tax of 20% on gains distributed to winners of betting by the National Lottery for winnings of EUR 5,000 or more Increase fees for public services by at least 17% of the current values Increase excise duties on tobacco products, in particular on fine-cut smoking tobacco, from EUR 60/kg to EUR 150/kg. Increase excise duties on cigarettes by EUR 0.20/per packet of 20 cigarettes.
And last but not least:
Increase excise duties on beer by 25% from EUR 4.78 per hl to EUR 6.00 per hl per degree of pure alcohol of final product. Increase excise duties on ethyl alcohol from EUR 598.01 to EUR 956.82 per hl of pure alcohol.
(Excerpt) Read more at zerohedge.com ...
Link to PDF of draft regulations:
I'm predicting lots of S U I C I D E S !
Russkie mafia got their money the week before the banks closed, supposedly.
I find ZH’s analysis insightful at times, but I can never get over the vitriolic and paranoid antisemitism of the people who comment on it.
Nobody can rule missing bodies as suicides.
I am honestly interested in knowing how long the Cypriot president will survive now that it is known he spirited aways tens of millions of dollars.
yeah there are 2 extremely anti-Jewish posters who post on every thread.
“Increase excise duties on beer by 25% from EUR 4.78 per hl to EUR 6.00 per hl per degree of pure alcohol of final product. Increase excise duties on ethyl alcohol from EUR 598.01 to EUR 956.82 per hl of pure alcohol.”
how difficult is it to make beer and wine?
“Tyler Durden” encourages it. He attacks Israel every chance he gets.
It’s a useful site, but avoid the commenters. They’re a vile bunch.
Why Cyprus would want to stay in EU?
Yep, the amount they want to spend will go all the time. Full speed ahead to the Brick-wall.
We have our own batch of “tax and spend” Congress critters,
mostly Dems and a few Repbubs in the mix.
Wait till average Cypress citizens realize they got left holding the bag, while the rich Russians secretly moved their big money out of the country. Some moron reporter said in an article on the net, that “the bank run that never was”, referring to the fact that no Cyprus banks had been run. The moron writer fails to mention that there cant be a run when you are limiting the amount of withdrawals. Lets see what happens when the bank controls are lifted.
What Cyprus desperately needs right now is a populist Eurosceptic party, whose platform is simple:
“In Europe we starve. As a free Cypriot nation we eat.”
Arrest those who stole our money and bankrupted our country, and make them forfeit their ill-gotten gains.
I see that a lot especially on precious metals forums also. I just ignore them and look at any intelligent discussion.
The Overlords are now the bankers. The people lost their vote powers to unelected outsiders. Its starting to happen here when the “To Big To Fail” are “To Big to Jail”.
Yes: Obama’s shopping list for robbing Americans and destroying the economy on the road to State Marxism.
I wonder who these "big investors" are that are still left?
And, why didn't they get the word.