multinationals Archives - Keep Talking Greece

No EU intervention to Mitsotakis’ request on multinationals

May 22, 2024 Economy 1

The European Commission has welcomed the letter of Prime Minister Kyriakos Mitsotakis asking for the intervention of Brussels to tackle multinationals’ high prices. The EU commission welcomed the request and responded with a short notce saying the letter is “a contribution to the overall reflection on the future of the …

Greece adopts EU directive on minimum tax rate on multinationals

January 10, 2024 Economy, FEATURED 1

The Greek government on Tuesday presented a draft law to integrate into national legislation a European directive on implementing a minimum tax rate on multinational enterprises and large-scale domestic groups which could lead to a supplementary tax of up to 15% on profits. The Pillar II directive (EU 2022/2523) is …

Greece fines multinationals Johnson&Johnson, Colgate for profiteering

November 15, 2023 Economy, FEATURED 2

Greece’s Development Ministry imposed a total fine of 1,672,000 to multinational companies Johnson & Johnson and Colgate for unfair profiteering. These are tow more multinationals fined since the start of the month. The fines were imposed after the Interagency Market Control Unit (DIMEA) had completed the relevant audit. The fines …

Mitsotakis vows to take up fight against multinationals selling more expensive in Greece

October 19, 2023 Economy, FEATURED 12

“We are not a Banana Republic,” Greek prime Minister said vowed to take up fight “against multinational and national companies that sell their products at much higher prices than elsewhere.” In an interview with ANT1 TV late on Wednesday and speaking about the high prices in the food and essentials …

ELSTAT: Disposable income of Greek households plunged by €2.7billion in 2016

November 6, 2017 Economy Comments Off on ELSTAT: Disposable income of Greek households plunged by €2.7billion in 2016

Greek households and non-profit entities that serve households lost 2.7 billion euros in disposable income (or 2.3 percent) in 2016, Greece’s independent statistics authority (EL.STAT) said on Monday. According to figures released this week, the sum for Greek households’ disposable income reached 114 billion euros last year, down from 116.7 …

US, Greece agree to exchange tax reports on multinationals

October 13, 2017 Economy Comments Off on US, Greece agree to exchange tax reports on multinationals

The US IRS announced this week on its website that the US has entered into a bilateral competent authority agreement with Greece to exchange country-by-country reports on multinationals. The agreement, signed September 27, puts into effect a 2015 deal reached by OECD and G20 nations under the base erosion profit …

Multinational Companies Sell Their Goods in Greece 90% Higher Than in Other EU Countries

March 6, 2012 Economy, Society 52

There has been lot of talk lately about the lowered minimum wages in Greece, especially when compared to countries like Bulgaria or Estonia. KTG has often said, that it is not fair to compare just the wages. One has also to compare the cost of living. With minimum wages now below €500, …

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