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No tax, no bailout? A worst case scenario for Cyprus
Mar 20, 2013
Cyprus is in turmoil following the decision last night by its parliament to reject a bailout plan from the eurozone. The plan entailed a one-off tax of up to 10 percent on Cypriot bank accounts.
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Will Treasury Secretary Lew get tough on China?
Mar 20, 2013
U.S. Treasury Secretary Jack Lew is in Beijing this morning wrapping up his two-day visit to China. It's his first foreign trip in his new role and the first high-level talks between the U.S. and China in six months.
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Indians go for gold despite government hiking import taxes
Mar 20, 2013
India is the world's largest gold importer. The government hiked import taxes on gold to control the outward flow of cash, but for weddings, the lure of the yellow metal is not fading.
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Looking back to the future on Shanghai's Street of Eternal Happiness
Mar 19, 2013
Disoriented by the rapid pace of change in China, more young urban professionals are grounding themselves by turning to ancient Chinese traditions, including teachings from the time of Confucius.
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Does Cyprus' tax vote mean an exit from euro?
Mar 19, 2013
A vote in Cyprus could determine the fate of the country's proposed savings account tax, and Cyprus' future in the eurozone. But as much as Cypriots care, so do Russians and Germans.
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Cypriots protest bank deposit tax
Mar 19, 2013
Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The BBC's Nigel Cassidy in Cyprus discusses public reaction to the plan and whether the government will actually pass the measure.
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U.K. flies more than a million dollars cash to Cyprus
Mar 19, 2013
A British air force plane was loaded up with cold hard cash and flown to Cyprus for the British military there.
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Anger and shock sweep Cyprus
Mar 18, 2013
One retired Cyprus resident shares his dismay over news that the Cypriot government could take a percentage of regular deposits in the bank.
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Cyprus bank customers asked to help bail out banks
Mar 18, 2013
Anyone with cash in a bank account in Cyprus could lose up to 10 percent of it, as a one off tax to help fund a bank bailout.
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How much would your savings account be taxed in Cyprus?
Mar 18, 2013
Cyprus and European regulators announced over the weekend a new plan to tax the country's savings accounts to solve the country's debt crisis. Everyone with a savings account would pay some tax, but those with extra large savings accounts (over $130,000 in the bank) would get hit with a super-sized tax bill. Find out what you would pay, if you had a bank account in Cyprus, with our simple calculator.
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