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‘RED’ TO RETURN FUNDS FROM THE European Commission


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2010 NPF_Howard Dean_085
Image by UTComm

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Changes in legislation regarding the repatriation of funds requested from Greece, the European Commission because they are taxed at a lower rate than that for the remaining funds deposited abroad.

Specifically, if the Greeks who hold funds outside the tax advantage of “amnesty” offered by the Treasury will pay for at least one year 5% tax on capital, and would pay 8% tax on the funds would allow … homeland.

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