Nicholas Spiro, managing director at Spiro Sovereign Strategy, tells CNBC that to take the risk on Cyprus for a puny 5.8 billion euros 'beggars belief'.
Anthony Scaramucci, managing partner at Skybridge Capital, tells CNBC that like when Lehman Brothers was allowed to fail, allowing Cyprus to fail will have unintended consequences.
Efi Xzanthou, a member of Cyprus's Green Party and Parliamentary Finance Committee, tells CNBC that as soon as they open there will be a run on the banks as no depositor will feel safe.
Stephane Deo, global head of asset allocation at UBS, tells CNBC that taxing small savers in Cyprus is the wrong thing to do, and taxing big depositors is a better solution.
The Cypriot parliament will today vote on the highly controversial levy on bank deposits, CNBC has been speaking to a number of market experts who all warn that the tax sets a dangerous precedent.
Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.
Ashraf Laidi, chief global strategist at City Index, tells CNBC that investors, who want to play the Euro without the periphery, should play the Swiss Franc.
A filing error has resulted in the delay of up to 600,000 tax refunds — among them students who need the money to pay for books and the tax receipt to apply for financial aid, the IRS said Tuesday.
An attempt by the IRS to get new regulations to stop fraud among tax preparers has hit a roadblock. The issue raises the age-old question of credibility for those who prepare our taxes.
Make sure you claim all of the tax breaks you deserve, from other taxes you have paid to expenses for job hunting, and even good deeds so small you hardly remember them.
CNBC's Eamon Javers reports the IRS is watching extra generous "charitable donations."
Jed Kolko, Trulia chief economist, explains what will happen to the housing market if mortgage interest deductions are taken away.
Peter Toogood, investment services director at OBSR, a Morningstar company, tells CNBC that it is inevitable that indebted governments will start cracking down on corporate tax avoidance like Starbucks in the UK.
CNBC's Diana Olick reports how changes in the mortgage interest rate deduction will impact homeowners.
Limiting tax deductions as part of a "Fiscal Cliff" deal would force the wealthy to bear the brunt of the cost, with million-dollar earners getting hit the hardest.
Anyone looking at their paycheck stub and seeing the laundry list of taxes taken out might be saying to themselves 'Why am I paying these and where does all that money go?'CNBC explains
Robert Johnson, RLJ Companies founder & chairman, discusses whether the mortgage interest deduction is a tax loophole that should be closed.
François Hollande’s Socialist government is facing a new tax revolt – this time not from big business protesting against the president’s 75 per cent income tax band but in the form of a viral online campaign by small French entrepreneurs furious about a jump in capital gains taxes, the FT reports.
Mitt Romney's offshore arrangements enabled his individual retirement account to avoid taxes on its investments and may well have reduced his personal income tax bills, The New York Times reports.
There are many financial perks that come with being married. Filing taxes generally isn’t one of them.