“Reduction of tax on heating oil in not feasible at this stage,” Greek finance minister Yiannis Stournaras said on Thursday. “Tax cuts are desirable, but it is currently not possible” the minister added rendering as “major obstacles” to such a move “that revenues are a little worse than the targets.”
As for reducing Value Added Tax -currently at 23% – in catering, the minister said that he will discuss the issue with the Troika in June, “if we are within the revenue targets.”
He noted that “any deviation has a cost, that for any tax reduction another equivalent measure has to be taken.”
Target is primary surplus on annual basis, Stournaras said.
Revenues here and targets there, I see that we’ll have to spend another winter in the cold, and more souvlaki-restaurant-cafeterias-bars businesses closing down.
Tell me why I feel…
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