Today the times of Cyprus being a tax haven ended...
to receive bailout money from the EU they agreed to rise corporate taxes from 10% to 12.5% and if you have more than ?100,000 on your account in any bank there, you just had 10% of your money frozen and taken away.
Online banking has been switched offline and banks are closed.
Sad news for many Russians and probably also quite a few porn companies...
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