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Greeks bring in tax on cash withdrawals to stem crisisGreece has announced a surcharge on cashpoint withdrawals and financial transactions in an attempt to stop capital flight out of the country’s banks and raise cash as the Greek government faces bankruptcy.
I suspected that the proposed new charge might be in addition to (not instead of) the current charges.
Quote from: Phil on Wednesday, 06 May, 2015 @ 12:12:23I suspected that the proposed new charge might be in addition to (not instead of) the current charges.I suspect it is, Phil!When I first read the article I thought it applied only to amounts of 1,000€ or more but it's not totally clear (to me, anyway) as to whether it will also apply to 'parts thereof', i.e. withdrawals upto 1,000€ will be charged (an extra) 1€, withdrawals upto 2,000€ will be charged 2€, and so on. If that's the case it could affect tourists as well.
But would we really notice it?
Gov't considering small tax on ATM withdrawalsThe Greek government is considering the introduction of a small levy on ATM withdrawals Finance Minister Yanis Varoufakis said on Tuesday.
Given we are getting about 1.40 euro for every pound against 1.20 -1.25 last year will we really notice a 1 or 2 euro charge.
Given we are getting about 1.40 euro for every pound
Greece's finance ministry said on Tuesday that it was no longer discussing with its European Union and International Monetary Fund creditors a banking transactions tax and a levy on ATM withdrawals, just hours after the finance minister had said such a proposal was on the table.