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Tue Jul 15, 2014, 05:00 PM

This is what a bail-in looks like in Spain:

(Reuters) - Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country's cash-strapped autonomous communities.

The regulation, which could bring around 400 million euros ($546 million) to the state coffers based on total deposits worth 1.4 trillion euros, had been tipped as a possible sweetener for the regions days after tough deficit limits for this year and next were set by the central government.

Snip.....The government had last year fixed a zero percent tax rate on deposits across the 17 autonomous communities to prevent some of them charging their own rates, but never ruled out raising the taxation level.


Note what Spain did...it first made a regulation of ZERO tax rate.
So everyone accepted that, left their money in the banks.
Then it notified people that their money in the banks was subject to a now increased tax regulation.

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