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 group claims that the IRS would achieve the same amount of annual revenue that the IRS receives from the collection of the estate tax. In 2013, the ASSET proposal was changed to an entirely voluntary system in which taxpayers would opt-in to pay a 1% surcharge on annual income while they are alive and no estate tax would be owed upon their death, but for capital gains on inherited assets. The group claims that their proposal for estate tax reform would eliminate the need for sheltering assets in unproductive trusts to avoid the tax as well as the need to