The five-page creditors’ proposals to Greece have been leaked to the press and it is all over the Greek and international internet. The proposals that bear the signature of the International Monetary Fund demand from austerity in form of VAT hikes, sweeping changes in to pensions system, including raising of the retirement age to 67, scrapping poverty allowance (EKAS) for the low-pensioners, higher contributions to main and supplementary pensions, 23% Value Added Tax in food, no V.A.T. returns from the islands, 100% tax in advance for legal entities, 28% corporate tax, social security contribution raises only in the employee’s share.
They rejected the Greek proposal for taxing e-gaming (VLTs) and revenues from 4G and 5G license. The Greek proposal was targeting 600 million euro revenues for 2015-2016.
“A package of austerity worth 11 billion euro,” according to state broadcaster ERT.
The red crossings out show items which are being rejected by creditors, and the underlined red sections show the new proposals.
What mean Greeks see in these IMF’s proposals is that future investors fall soft with their future investments (e-gaming, 4G+5G licenses, etc) and further more will enjoy preferential tax treatment with 28% corporate tax.
Officially the IMF says that taxation of online-gaming and 4G & 5G licenses will “jeopardize growth.“
Maybe PM Tsipras was right this morning claiming that “it is either they do no have interest on an agreement or they are backed by other interests.”
What do you mean “No”?
PS were these proposals exchanged per e-mail? Just asking…