The government is planning further tax reductions for middle incomes and those who conscientiously pay their taxes, Deputy Prime Minister Kostis Hatzidakis revealed in interviews with SKAI TV on Wednesday.
He noted that the raft of measures announced on Tuesday, which were made possible by the over-performance in meeting budget targets, aimed to alleviate poverty and the housing problem.
“Measures will be announced in September for the reduction of taxation, especially for the middle class and dutiful tax payers. The announcements made yesterday aim chiefly to alleviate the housing problem and poverty for specific population groups, such as pensioners and the disabled. We need to care for all of society and, based on the economy’s performance and arrest of tax evasion, to proceed with further tax relief,” Hatzidakis said.
He emphasized that the funds had not come from a “magic moneytree” but were the result of the work done by the government in recent years, resulting in economic growth, and a systematic effort to clamp down on tax evasion that had yielded more pronounced results in the last two years then at any other time in Greece’s recent political history, as well as an increase in social insurance contributions brought about by the implementation of the digital labor card, which revealed black and under-declared labor.
According to Hatzidakis, the measures were based on the fact that the balance of the budget in 2024 was better than the government had expected:
He also cited measures such as the use of housing stock owned by the broader public sector, putting pressure on banks to put properties they own on the market, regulating the short-term rental market and providing financial support to renovate properties, as well as incentives for putting them on the long-term rental market.
PS the government will promise you the sun and the moon for votes and increased rates in public opinion polls.
