New Zealand planning Cyprus-style bank tax

New Zealand savers could see a Cyprus-style tax on their bank accounts, the Green Party is warning, accusing the Government of planning similar solutions for the country.

Finance Minister Bill English is a supporter of open bank resolution (OBR), the policy currently being implemented in debt-stricken Cyprus, Green Party co-leader Russel Norman said.

 

Read more: TVNZ.co.nz, 21 March 2013

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