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New Law enacted to Levy Saving Deposits in Spain. (Read 3693 times)
Smidge
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New Law enacted to Levy Saving Deposits in Spain.
Mar 24th, 2013 at 2:31pm
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Pondgirl
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Re: New Law enacted to Levy Saving Deposits in Spain.
Reply #1 - Mar 31st, 2013 at 11:03pm
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They've kept quiet about that!  I'm glad we keep our Spanish account at a minimum.
  
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bruixot
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Re: New Law enacted to Levy Saving Deposits in Spain.
Reply #2 - Apr 1st, 2013 at 1:28am
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I've yet to find any other confirmation of the linked article. Anyone else have?
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bruixot
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Re: New Law enacted to Levy Saving Deposits in Spain.
Reply #3 - Apr 1st, 2013 at 1:33am
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Also according to the wording of the article this seems to be a tax on the banks not the account holders "A new low-rate Spanish bank deposit tax, which will see banks rather than account holders pay levies"
Unless they mean the banks will collect the levy's directly instead of account holders being required to state all assets. This sparse article is unclear.
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bruixot
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Re: New Law enacted to Levy Saving Deposits in Spain.
Reply #4 - Apr 1st, 2013 at 2:51am
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I think this is the original article it's based on
http://www.expansion.com/2013/03/21/empresas/banca/1363886052.html

Anyone else got a view?
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Nigel
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Re: New Law enacted to Levy Saving Deposits in Spain.
Reply #5 - Apr 1st, 2013 at 9:39am
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Reading the article it appears to be a tax on the banks, not on the savers although I'm sure the banks will pass it on. I guess the 0.1% interest they currently pay on savings (if you're lucky!) will reduce to zero to cover the cost.
  
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