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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Just Doing My Own Thing
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Join Date: Jan 2011
Location: London, Spain, New Zealand, GFY - Not Croydon...
Posts: 25,038
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New Cyprus plan - Upto 25% from SOME accounts
I wonder who will be hit - That's a big chunk of change for some of the sponsors here...
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#2 | |
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#3 |
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Join Date: Feb 2007
Location: Sweden
Posts: 5,623
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The phrase "money in motion" could never be used better than for this mess.
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#4 |
Outside The Box Geek
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Join Date: Oct 2004
Location: MTL/Canada
Posts: 550
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This country is very luky to have all these businesses, I would be very very surprise if they would do something to them. The 10% to 12.5% tax they spoke about was reasonable, I think it shows that they care about the businesses. And I hope I'm right lol.
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#6 |
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Quite the contrary - it shows they DON'T care about that business. All those foreign billions would be moved out of the country the minute the banks reopened up again.
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#7 |
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Posts: 1,952
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I read the other day that they are have passed (or thinking about passing) capital controls to make sure this cant happen before the money is taken. I could be wrong.
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#8 |
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Alright - they do that, take thier x% money, and then what? There's still a run on the banks, billions and billions get transfered out immediately and no one wants to keep any money there. Even the rich cypriots will move all their company and personal accounts offshore.
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#9 |
www.AdultCopywriters.com
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Join Date: May 2006
Posts: 31,564
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The top 2 banks.
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#10 |
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Join Date: Feb 2013
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The most affected ones are the Russians. Their companies have billions in Cyprus banks and they apply strong pressure onto their government to forget that tax. They also gave Cyprus a credit line of 3 billion euros which is being reviewed now.
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#11 | |
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Quote:
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#12 |
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Why should the EU bail out banks built on corruption and incompetence?
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#13 |
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They have to expire eventually. Even if people can't move all the money immediately, then they will still move it out over time - and cyprus is done as a banking center for the foreseeable future.
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#14 |
Icq: 14420613
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Join Date: Mar 2001
Location: chicago
Posts: 15,432
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the banking sector there is fuckeddddddddd
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#15 |
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Makes you wonder if they did that shit on purpose...there are gonna be people moving money out of any country in the EU that's being hit hard by recession to safer shores, which will only deepen the issue.
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#16 |
Judge Jury and Executioner
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Join Date: Jan 2005
Location: South-America
Posts: 9,260
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I see a lot of opportunities. Money on a bank is never good. Money needs to be spent. I think it could give an extra impule inupcoming countries in South America. You already see the Chinese investing a lot here, cause they pulled a lot of money out of the USA.
I have seen here great building projects here Brazil and land that has been become more worth 2,3,4,5 times more in just 5 - 7 years. And sometimes even faster.
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#17 | |
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#18 |
Arthur Flegenheimer
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25% isnt a bad tax rate.
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#19 | |
Judge Jury and Executioner
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Quote:
I think in Brazil it will go on for some more years. More people are getting in the middle class (40 million people went from poor to middle class standars) and want to get of the poor neighbourhoods. And Brazil is lucky; they have gas, oil, agriculture, minerals and long beaches. Investing is always a risk, look for shorter term investments (2 - 7 years). You also don't want a "Chavez" getting in control here, that could happen also. But puttingyou money on a European bank is also getting more risky. And buying property in most parts of Europe is stupid now.
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#20 |
Registered User
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This doesn't end well for Cyprus banks no matter what they do. I'd guess a run on the banks is inevitable at this point. Why would anyone keep money there after this?
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#21 | |
Downshifter
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Quote:
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Русня, идите нахуй! |
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#22 |
Downshifter
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I'm sure its a EU's backstage way to fuck with Russians.
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#23 | |
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Not the UK. |
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#24 | |
Too lazy to set a custom title
Join Date: Oct 2001
Location: Spartaaaaaaaaa
Posts: 14,136
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Quote:
If the EU was so badly concerned about its last tax haven (Cyprus) and their quite lax banking, they could have easily applied enough pressure to make the necessary legal changes. This is where this is heading - "haircut" on the big deposits, which means very unhappy Russians and all its short and long term implications PLUS some (hopefully not too many) jumpy investors who would think twice before depositing large amounts of money in any EU bank. |
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#25 |
Too lazy to set a custom title
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So whats the next country up as the money haven.
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#27 |
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It is when the money you have in the bank has already been taxed by vat and income tax...
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#28 |
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They ought to keep it all and make people prove they have paid any taxes due on it in their home county before they get one dime. Call me a dick for it but I'm glad some of the scumbags in our industry are losing money over this. I only feel for the honest people losing out.
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#29 | ||
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#30 |
So fuckin' bored
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Congrats to the winners!
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Obey the Cowgod |
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#31 |
Arthur Flegenheimer
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#32 |
No, I am not banned
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Location: ChatGF.com
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They changed idea again, now 20% from the bigger bank, 4% from other banks:
http://news.sky.com/story/1068912/cy...-bank-deposits 20% tax on savers with deposits over 100,000 euros at the country's largest bank, the Bank of Cyprus. A 4% tax on deposits over 100,000 euros would be levied at other banks (the bank of russians?). Too many new Cyprus threads. Let's stick to the one related to affiliates not paying: https://gfy.com/showthread.php?p=19542397
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#33 |
She is ugly, bad luck.
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So that when they now take a flat 8% from everyone people are relieved they didn't lose more and accept it.
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↑ see post ↑ 13101 |
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#34 |
So Fucking Banned
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Location: Westbahnhof
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i hope the guys as "PussyCash" will stay out of that stupid or relative smart politics for someone alse there in Кипар/Cyprus and i really hope you dont use that much of their banks , if someone have problems like that , from very own experiance move the money two countries to the north until is too late , directly north of the border of Greece , there the banks have very low fees and the standart its lower than Кипар/Cyprus (almost double) and their politic system isnt in that kind of transition , their banks are in search companies like them , becouse the country is "young" and washing some cash is welcome there!from illegal they make it all legit !
100% recomended ! contact me for some info if someone really need! Salut. |
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#35 |
Just Doing My Own Thing
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Location: London, Spain, New Zealand, GFY - Not Croydon...
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#36 |
So Fucking Banned
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no dude , you are missunderstanding few things,
so , he just have an complex of taking control and usually loosing the same, being dominative human becouse of that auto suggestive trick from the last loosed moment, so we better focus only on the dominative dude who cant focus on more than one thread with the same topic becouse of the mentioned symptoms before ![]() ![]() just joking , giving little colour in these gray days there cuz i was there once and only once !!!!!!! but i wrote the solution before , dont histate to contact me , or just post some boobs and i will come asap! ![]() Salut ![]() |
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#37 | |
Just Doing My Own Thing
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Quote:
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#38 |
So Fucking Banned
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#39 |
No, I am not banned
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Posts: 5,345
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Whatever the Cyprus thread is bumped or newly created (sorry for suggesting to keep talking in one only, feel free to open hundred more), what really will happen should be known in 24-48 hours, and probably again different from the dozen proposals told until now.
The most interesting piece I've read until now: Cyprus agreed to break up Laiki (2nd largest bank) into good bank/bad bank structure, imposing "40% or more" losses on the uninsured depositors (those over 100,000 euros). In other words Laiki will close, fire all employees (they're striking due to that), and eat 90% of money over 100,000th euro in each account, I woudl bet (if announce 40%+...). Remaining 10% is not available... will be frozen for years, they've set already 100 eur a day maximum, this mean $10,000 every 100 days. http://www.telegraph.co.uk/finance/9...-on-banks.html Savers at the Laiki bank and Bank of Cyprus will be hit by new cash limits of €100 and €120 a day respectively on Monday, at midday GMT, in a measure aimed at stopping a run on the country's banks.
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#40 |
So Fucking Banned
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#41 |
Judge Jury and Executioner
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Join Date: Jan 2005
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Posts: 9,260
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there are rumours Cyprus will go out of the EU and have an agreement with Russia.
The new name of Cyprus will be Cyprussia
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#42 |
No, I am not banned
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2 AM GMT+1: Eurozone finance ministers approve deal. President Anastasiades of Cyprus: "We have a deal that's in the interests of the Cypriot people and the EU."
??
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#43 |
Outside The Box Geek
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#44 |
C.C.C.P.
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So 40% haircut for bank of cyprus and winding down Popular Bank of Cyprus, also known as Laiki
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#45 |
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either way there will be a run on the banks.
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#46 |
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Anyone legitimately know anything about the process of recovering lost assets of a bank going into bankrupcy as in Popular Bank? The finance minister said something like 'several years to get back 30% - 60%' back, something like that.
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