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Bank of Cyprus and Wargaming - ouch?


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DingIsHere #1 Posted 17 March 2013 - 10:21 AM

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I suppose a lot of you will have seen the news about the Bank of Cyprus wanting to impose a levy on all account holders....???

If not, here goes...

This is from the Financial Times, full article here
(It doesn't state anything about a difference between private and company accounts, but when banks want your money, they don't usually care where it comes from...)

Spoiler                     

This is Wargamings Cash at Bank last year...

Spoiler                     


This is where WG bank...

Spoiler                     





Moved into off topic section
/BigBadVuk

L3gi #2 Posted 17 March 2013 - 10:26 AM

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so we can expect a 9,9 % goldprice increase to shift the "weight" to the EU players, being responsible for this?

seriously.. who the hell deposits cash in a unstable region like cyprus...if you are a big company, get yourself a good bank.

DingIsHere #3 Posted 17 March 2013 - 10:30 AM

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View PostL3gi, on 17 March 2013 - 10:26 AM, said:

so we can expect a 9,9 % goldprice increase to shift the "weight" to the EU players, being responsible for this?

seriously.. who the hell deposits cash in a unstable region like cyprus...if you are a big company, get yourself a good bank.

Quite simply... Tax Haven.... it has, in the past, been worth the risk... most tax havens are actually stable...
Cyprus created its Tax Haven status to encourage investment since big business doesn't give a toss about the turkish/greek issues there...

see this...  http://english.ruvr....get-EU-bailout/

Balage501 #4 Posted 17 March 2013 - 10:31 AM

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It is for avoiding taxes. Duh... So more money can go to improve the game.  :Smile_smile:

Online_Rambo #5 Posted 17 March 2013 - 10:32 AM

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Cyprus is a well known haven for Russians. The size of the bank deposits is about 5 times the GDP of the country :)

Rautaa #6 Posted 17 March 2013 - 10:33 AM

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View PostBalage501, on 17 March 2013 - 10:31 AM, said:

It is for avoiding taxes. Duh... So more money can go to improve the game.  :Smile_smile:

This.

EU stop nerfing our banks so WG can fix ghost shells!

kuschmau #7 Posted 17 March 2013 - 10:35 AM

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You not really think that companies and oligarchs will pay the bill, do you? Neither are there "frozen bankaccounts" for the upper class.
We pay the money, as always.

Edited by kuschmau, 17 March 2013 - 10:36 AM.


Danger__UXB #8 Posted 17 March 2013 - 10:37 AM

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View PostDingIsHere, on 17 March 2013 - 10:30 AM, said:

Quite simply... Tax Haven.... it has, in the past, been worth the risk... most tax havens are actually stable...
Cyprus created its Tax Haven status to encourage investment since big business doesn't give a toss about the turkish/greek issues there...

see this...  http://english.ruvr....get-EU-bailout/

There are better tax havens than their lol...Thats what switzerland is for :Smile_trollface-3: ...

But seriously if they got any sense they need to put their money into 'real'gold as the derivatives trading has crippled the global econony :Smile_sceptic:

Online_Rambo #9 Posted 17 March 2013 - 10:44 AM

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View PostAnti_NWO, on 17 March 2013 - 10:37 AM, said:

There are better tax havens than their lol...Thats what switzerland is for :Smile_trollface-3: ...
Not quite, Switzerland has signed several agreements in the last years concerning tax evasion and the costumers anonymity. The small islands-nation in the Caribbean and Pacific are good tax havens, like the Cayman Islands.

Danger__UXB #10 Posted 17 March 2013 - 10:48 AM

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View PostOnline_Rambo, on 17 March 2013 - 10:44 AM, said:

[/size]
Not quite, Switzerland has signed several agreements in the last years concerning tax evasion and the costumers anonymity. The small islands-nation in the Caribbean and Pacific are good tax havens, like the Cayman Islands.
Yes your right and also the swiss banks are now actually charging people to hold their money there i believe...So yes caymen is the place to be at the min if you got a mil to spare?? lol

Rautaa #11 Posted 17 March 2013 - 10:48 AM

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View PostOnline_Rambo, on 17 March 2013 - 10:44 AM, said:

The small islands-nation in the Caribbean and Pacific are good tax havens, like the Cayman Islands.

If Mitt Romney banks there, it's good enough for me.

Luxembourg anyone? It's not like it could ever go bankrupt...

Danger__UXB #12 Posted 17 March 2013 - 10:58 AM

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Like the guru says here...GOLD,GOLD and more GOLD :Smile_trollface-3:http://youtu.be/XzIwzVt_XGU



OOOps!! the phantom hit'n' run neg reppers up early today?? :Smile_teethhappy:

Edited by Anti_NWO, 17 March 2013 - 12:03 PM.


rufulus7812 #13 Posted 17 March 2013 - 11:08 AM

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That's how it feels when arty eats away 10% of your HP out of nowhere....

But since they are pro's they probably knew that this might happen. I mean there were talks about at least 1 bn (american "billion") EUR being transfered out of Cyprus just in January. So if they were smart and knew the game, they went to an "arty safe" financial position before the shell hit....

Next year's balance sheet will tell.

Denis_2004 #14 Posted 17 March 2013 - 11:08 AM

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View PostL3gi, on 17 March 2013 - 10:26 AM, said:

so we can expect a 9,9 % goldprice increase to shift the "weight" to the EU players, being responsible for this?

or 9.9% pen increase in order to force people buy more of them

BTW, it relates mostly to deposits, not to current accounts

Online_Rambo #15 Posted 17 March 2013 - 11:16 AM

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I wish I could spare a million or two :p

Meanwhile, there's already a bank (ATM) run going on in Cyprus:

http://www.aljazeera...3138495325.html

2alertred #16 Posted 17 March 2013 - 11:17 AM

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When i read this......i laughed sooooo hard. (stil too bad for normal ppl there)

dezdez #17 Posted 17 March 2013 - 11:19 AM

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they should have come to us, switzerland :D

wsatnutter #18 Posted 17 March 2013 - 11:20 AM

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there is so much money on cyprus that needs washing you would not believe it
i lived there for a while and when i saw the news i cracked up laughing
could not happen to nicer people

Exostar #19 Posted 17 March 2013 - 11:20 AM

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Actually both of the banks are in cyprus.

That would mean that WG will lose about 4m euros. Thats quite a major hit for them, though their finanical year starts/ends at thier calander year so they do have time to stabalise their fianances. That is something.

Tankfriend #20 Posted 17 March 2013 - 11:22 AM

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View PostBalage501, on 17 March 2013 - 10:31 AM, said:

It is for avoiding taxes. Duh... So more money can go to improve the game SerB's golf handicap and dig up aircraft in Burma.
Fixed that for you.  :Smile_trollface-3:  
Just kidding, of course. Speaking seriously, there's a lot of reasons why that money (or at least most of that money) wouldn't be re-invested into WoT. There are the other World of games to fund, then there's stuff like digging up aircraft and various other things that WG might be doing, and acquisitions like GasPoweredGames requires a lot of money, too. Not to mention that having some money up your sleeves is always a good thing in case you mess something up or something else bad happens.




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