REPORT: There Are Already Plans To Revise The Cyprus Bank Tax

The essence of the Cyprus bailout is that all bank depositors will be subject to a tax/confiscation/haircut/levy. As it currently stands, if you have over 100K euros in the bank, you'll pay a tax on of 9.9%. Under 100K euros and you'll pay 6.5%. This is incredibly controversial, and there is no guarantee that the plan, as it stands, will pass the Cypriot parliament. Dow Jones' Matina Stevis (who is in Cyprus now, and a must follow on Twitter for all sorts Greece/Cyprus/Eurozone stuff) tweets pla...