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
Endowment tax demonstrate the value of the donation in the open market to obtain the corresponding allowance. Before donating to an asset that has increased in value since the purchase, it is important to consider whether it is better to donate directly to the asset or to donate after the sale. Direct donations can be taxed at the original purchase price without paying more tax on any potential profits. If a donor receives an income tax credit on the day's value of the share transfer, he does not have to pay VAT on the added value of the donated stock. And after