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Author Topic: Iceland considers imposing ‘exit tax’ on foreign investors  (Read 641 times)

Zapotec

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Iceland considers imposing ‘exit tax’ on foreign investors
« on: January 10, 2015, 11:08:47 AM »
Iceland considers imposing ‘exit tax’ on foreign investors:

http://www.icenews.is/2014/12/25/iceland-considers-imposing-exit-tax-on-foreign-investors/

Quote
Iceland is considering making foreign investors who have been unable to retrieve their funds that have been locked in since the nation’s three biggest banks defaulted in 2008 pay an exit tax.

The North Atlantic island seems set to remove its capital controls in the opening months of next year, but has major concerns this could lead to a rapid depreciation of its krona. It is thought that the funds amount to around US$7bn in total, and the Icelandic government knows it cannot afford another financial crisis, which would be the worst case scenario when investors try to retrieve their deposits.

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