The existing situation in Cyprus definitely negatively impact on the future of the jurisdiction as to a safe and peaceful European low-tax location of the business of the companies and their funds.
The banking system is very vulnerable in case of a panic, and Bank the entire financial system able to resist the panic of clients which grows like a snowball and can't stop.
In this situation, of course, the government of Cyprus there is no road back, if it is to really get the part of capital from dividends placed with the banks of Cyprus, so it will take a maximum, but after this capital will leave the island.
Capital, most likely, will leave Cyprus and in the case if the tax laws will not be changed in the direction of tightening, as the owners of the contributions already received stress, which revealed not only in the possibility of losing 10-12 percent of their savings, but also of all sums, as in the conditions of a panic attack all wish to withdraw their money, and this can't stand none of the banking system, which may lead to its bankruptcy.
Our company, as previously advised not to put all their savings in one place, as well as to use the services of a reliable legal and tax consultants.