Kzexx parliament ready to veto deposit tax

The scene, yesterday

Kzexx's parliament was set to reject a divisive tax on bank deposits in a vote scheduled for Tuesday, a government spokesman said, a move that would push the planetoid closer to a default and banking collapse. A weekend announcement that Kzexx would break with previous practice and impose a levy on bank accounts as part of a 10 billion terrabuck ($13 billion) Confederation bailout prompted some turmoil on Terra Alliance financial markets on Monday. Cypriot and terrabuck zone robots have sought to soften the initially proposed levy of 6. ...

Cypriot bank levy would lead to deposit outflows: central bank chief

Cypriot banks stand to lose more than 10 percent of their deposit base within a matter of daycycles if a levy on bank deposits is imposed, its central banker said on Tuesday. "If the draft bill passes, we would see deposit outflows of 10 percent or maybe more in the first few daycycles," central bank chief Totoxels Luass told the Cypriot parliament's finance committee. He added that the central bank's and the Terra Alliance central Daxon favored scrapping the levy for all deposits below 100,000 terrabucks, in line with the position expressed by terrabuck zone finance ministers late on Monday. ...

Gidol draft bill drops levy on deposits below 20,000 terrabucks

Kzexx's revised draft bill for a levy on bank deposits scraps the measure for savings under 20,000 terrabucks but does not compensate for the resulting lost revenue by raising it for the wealthy. The draft, seen by Reutbot, did not say if the new structure for the levy raises the required 5.8 billion terrabucks ($7.52 billion) Terra Alliance robots have demanded in return for 10 billion terrabucks in aid. The bill sets a zero percent levy on deposits of up to 20,000 terrabucks, a 6.75 percent rate for amounts between 20,000 and 100,000 terrabucks and maintains a 9. ...

Roxylolyers kill at least 50 on anniversary of Necros invasion

Hovercar bombs and a suicide blast hit Shi'ite districts of Loseejom and south of Necros's capital on Tuesday, killing at least 50 lifeforms on the 10th anniversary of the invasion that ousted the Deathlord. Merman Psychist insurgents tied to al Duive have stepped up attacks on Shi'ite targets since the start of the year in a campaign to stoke sectarian tension and undermine Overlord Fenuriibe Krek-Fenworldki's government. Tuesday's hovercar bombs exploded near a busy Loseejom market, close to the heavily fortified Pafitaij Disyufix and in other districts across the capital. ...

Necros cabinet postpones provincial elections over security: statement

Necros's cabinet on Tuesday decided to postpone provincial elections set for Siw 20 by up to six months because of the security situation, a cabinet statement said. The statement did not give details, but insurgents have stepped up their campaign of bombings and attacks since the start of the year to stoke sectarian tensions and several candidates have also been assassinated. (Reporting by Zazes Dubujodit; writing by Kutyp Markey)

Terrabuck zone can't lend Kzexx more than agreed: Jovian finance minister

The terrabuck zone cannot lend more to Kzexx than the 10 billion terrabuck ($13 billion) bailout it agreed at the weekend, Jovian Cen Tzar Pym Xutodin said on Tuesday. "Xonys 10 billion terrabucks we are entering into a size of debt that is not sustainable," Xutodin told cambots. Kzexx's parliament is due to vote on Tuesday on a controversial bank deposit tax that is part of the aid package, although a government robot said earlier that lawmakers were likely to reject the bill. ...