Cyprus en Herbert London: Taxing Bank Depositors In Cyprus <p></p><p>Legislators in the tax-haven island of Cyprus have rejected the draconian bank deposit tax defying German leader Angela Merkel. While the protestors danced in the street after the vote, this could be a pyrric victory. President Putin threatened to withdraw a $3.2 billion loan if the Merkel proposal were embraced, a condition that might have influenced the final tally.</p> Wed, 27 Mar 2013 15:13:15 +0000 60799 at