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Saturday, 31 May 2014
Tens of thousands of Belgian savers see money disappear from their bank.
R/Bitcoin
Translation: " Because of a new taxation on investment funds the government introduced recently, tens of thousands Savers saw money dissapear from their bank accounts yesterday. Years ago, they bought a certain type of investment fund because the capital gains on this type of funds were taxfree. But the government changed this rule and introduced a tax on these funds, with retrospective effect to 1 juli 2008, last summer. Only now, BNP paribas has programmed their computers to make the automatic collection of these taxes possible. Test-aankoop(magazine that safeguards & reviews consumer rights) already got hundreds of complaints."
http://imgur.com/LfF85Nr
Summary of important points:
Customers of BNP Paribal Fortis buy the "Fortis B FIX 160 Equity" for 1000 euro in 2005. The fund only contains Belgian stocks, on which capital gains are taxfree at that time.
During the crisis, the fund drops to 815 euro a piece.
On the expiration date, the fund is worth 1004 euro.
The Belgian Government changes the rules and says holders of the funds made a capital gain of 189 euro between 2008 and 2013, taxing it for €30 a piece.
The tax is automatically subtracted from the bank accounts of customers, without their consent.
People think it is ridiculous they have to pay tax on a gain they never made.
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