Showing posts with label repatriated. Show all posts
Showing posts with label repatriated. Show all posts
Sunday, December 13, 2015
Tuesday, December 24, 2013
Saturday, February 20, 2010
Greece outlawing cash transactions
As part of their movement toward "austerity", the Greek government is outlawing cash transactions and levying higher taxes, including enacting a value-added tax (VAT), increasing the capital gains tax, and repatriated funds. They are also cutting wages of some state employees by 50%.
In essence, they are trying to eliminate the black market, while shutting down their borders from further capital flight. This is the playbook for bankrupt sovereign governments. US citizens take note--this movie will be playing in a theatre near you.
http://globaleconomicanalysis.blogspot.com/2010/02/greece-outlaws-cash-transactions-above.html
In essence, they are trying to eliminate the black market, while shutting down their borders from further capital flight. This is the playbook for bankrupt sovereign governments. US citizens take note--this movie will be playing in a theatre near you.
http://globaleconomicanalysis.blogspot.com/2010/02/greece-outlaws-cash-transactions-above.html
Labels:
austerity,
black market,
capital gains,
Greece,
repatriated,
taxes,
VAT
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