Hartzman Tax & Fiduciary: "Spain says to charge tax of 0.03 percent on bank deposits" = Savings Confiscation = Bail In

7/6/14

"Spain says to charge tax of 0.03 percent on bank deposits" = Savings Confiscation = Bail In

"Spain on Friday [July 4, 2014] said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities.

...Deputy Prime Minister Soraya Saenz de Santamaria announced the move at a news conference following a weekly cabinet meeting."

http://www.reuters.com/article/2014/07/04/spain-tax-deposits-idUSL6N0PF2SF20140704

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