Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Americans Standing for the Simplification of the Estate Tax functions and activities conducted by ASSET are led by its President, Rob Smith, and Jordan Silverman, a former researcher at Adventist HealthCare who joined in 2014. Under the ASSET proposal the value of an estate is determined by economic and market conditions. Death is not treated as an economic event as it is under current federal tax law. The ASSET proposal eliminates death as a taxable event by allowing individuals to make what the group describes as a down payment on their estate taxes during their earning years. The assets in these individuals' estates would later be taxed at the