Cyprus-Forum.com

[Cap]

The Greek People will not be able to cope with so much austerity

This is true, and they have no intention to either.
A system built on corruption with no industry to fall back on is bound to fail.

where a Cypriot or a Japanese after a major national meltdown would roll up their sleeves and get to work, Greece will look for the nearest escape route and dodge responsibility.

[Paphitis]

The Greek People will not be able to cope with so much austerity

This is true, and they have no intention to either.
A system built on corruption with no industry to fall back on is bound to fail.

where a Cypriot or a Japanese after a major national meltdown would roll up their sleeves and get to work, Greece will look for the nearest escape route and dodge responsibility.

Greeks are very hard working and the average wage is 600 to 700 per month.

The young ones really are doing their best.

But on the same token, I would like to know how many Greek Corporations are actually registered in Cyprus and pay taxes to the RoC to avoid the 28% company tax rate in Greece. I could say that Greeks are actually propping Cyprus up!

Greece is very uncompetitive.

[Cap]

The Greek People will not be able to cope with so much austerity

This is true, and they have no intention to either.
A system built on corruption with no industry to fall back on is bound to fail.

where a Cypriot or a Japanese after a major national meltdown would roll up their sleeves and get to work, Greece will look for the nearest escape route and dodge responsibility.

Greeks are very hard working and the average wage is 600 to 700 per month.

The young ones really are doing their best.

But on the same token, I would like to know how many Greek Corporations are actually registered in Cyprus and pay taxes to the RoC to avoid the 28% company tax rate in Greece. I could say that Greeks are actually propping Cyprus up!

Greece is very uncompetitive.

The banks yes, Bank of Cyprus in particular.
I have first hand knowledge of the millions of Euro that fled Greece and ended up in Cypriot banks.

[Paphitis]

The Greek People will not be able to cope with so much austerity

This is true, and they have no intention to either.
A system built on corruption with no industry to fall back on is bound to fail.

where a Cypriot or a Japanese after a major national meltdown would roll up their sleeves and get to work, Greece will look for the nearest escape route and dodge responsibility.

Greeks are very hard working and the average wage is 600 to 700 per month.

The young ones really are doing their best.

But on the same token, I would like to know how many Greek Corporations are actually registered in Cyprus and pay taxes to the RoC to avoid the 28% company tax rate in Greece. I could say that Greeks are actually propping Cyprus up!

Greece is very uncompetitive.

The banks yes, Bank of Cyprus in particular.
I have first hand knowledge of the millions of Euro that fled Greece and ended up in Cypriot banks.

Oh yeh right! As if this is unique to Greece!

I would do the same thing given the uncertainty and let's face it, it is their money that they worked for and paid tax on so where is the issue.

How many billions fled Cyprus only a couple of years ago. Even political leaders were in on the act.

Are you trying to tell me you would not move your money around given the fact that Greek Banks are on the verge of Bankruptcy?

This is a global economy and you will find that American, Australian, German, Chinese corporations do the same and even set themselves up in particular low tax havens. Money can be transferred by a single mouse click.

[Cap]

Did I suggest otherwise?

But yeah, now that you've mentioned it there's many a Greek crook's booty now in a CY bank.

[Paphitis]

Did I suggest otherwise?

But yeah, now that you've mentioned it there's many a Greek crook's booty now in a CY bank.

No you don't get it. How many Greek Businesses are registered in Cyprus? How many shipping tycoons have their headquarters in Cyprus and their ships under the RoC Flag. I am not talking about the small family run Greek businesses or taverna. I am talking about the mega rich. They are paying their tax in Cyprus and not Greece. They are also registering their businesses in Bulgaria and Romania.

You should be thanking them because you probably would have gone down without them!

And no, they are not crooks. It is legal what they are doing (tax minimization)!

Why doesn't the RoC raise the company tax rate to 28% and see what happens.

[Cap]

Rubbish,
Greek nationals number about 30 k. in the Republic. (opportunists most of them)

We were doing fine without them.
It's the crooks I'm worried about.

[Cap]

if you compare the British vs Greek contributions to the Republic.
The Brit companies and investors win hands down..... behind Russians.

[Paphitis]

Rubbish,
Greek nationals number about 30 k. in the Republic. (opportunists most of them)

We were doing fine without them.
It's the crooks I'm worried about.

Oh boy you are a bit slow today.

How many Greek Businesses are registered in the RoC? These are not your average SME either. The total net worth of these corporations could far exceed the entire RoC GDP.

[Paphitis]

if you compare the British vs Greek contributions to the Republic.
The Brit companies and investors win hands down..... behind Russians.

That maybe true because Britain is also about 7 times bigger and more wealthier than Greece.

And they don't do it because they love you but for the same reasons the Greek Corporations have set up their HQ in Cyprus.

Cmon Cap, I know you can do it!