Alexiadis: Partial amnesty for funds repatriated from Swiss banks

1 April 2016
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The Alternate Minister of Finance Tryfon Alexiadis announces that there will be a a partial amnesty for all those who repatriate their funds for Swiss banks.

In an interview for Bloomberg, Mr. Alexiadis explained that “we won’t be forgiving everything, but we will give incentives so that people participate”.

According to the Alternate Minister, the government is going to reduce the relevant charges and fines, while undeclared funds will face a 10% to 15% tax.

Finally, he noted that the coalition government is currently negotiating the legislative initiative with the institutions.

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