overtaxation Archives - Keep Talking Greece

Overtaxation imposed by SYRIZA led to tax evasion of €3 bn, says FinMin

September 5, 2019 Economy Comments Off on Overtaxation imposed by SYRIZA led to tax evasion of €3 bn, says FinMin

The overtaxation of citizens under the previous government led to an increase in tax evasion, which increased by about 3.0 billion euros in the past four years, said Finance Minister Christos Staikouras in a statement on Thursday. Staikouras noted that “in 2014, tax rates fell and the economy returned to …

Finance ministry offers overtaxation protection to occasional workers for 2017 income

April 12, 2018 Economy 2

Greece’s Finance Ministry submitted a regulation to the Parliament offering tax protection to occasional workers with low annual income. The regulation refers to incomes obtained in 2017 and was submitted ahead of the tax declarations to be made in coming weeks of 2018. The regulation allows low-income tax payers who …

OECD Greece report: High taxes and almost nonexistent benefits

March 21, 2018 Economy 4

Over taxation of low and medium incomes, low wages, non existing benefits, a poor education system: these are the key words in chapter “Greece” as presented by the Organization for Economic Cooperation and Development (OECD) in its Going for Growth 2018 report beginning of the week. the international organization takes …

Absurd overtaxation: Low-incomers, unemployed taxed 3 times their income

September 13, 2017 Social Comments Off on Absurd overtaxation: Low-incomers, unemployed taxed 3 times their income

Thousands of unemployed taxpayers with no income at all or very low one have been called to pay disproportionately high taxes between 2,000-4,500 euro. Why this? Blame the so-called deemed income criteria that calculate a fictitious tax according to living conditions and not real income. The absurdity of this taxation …

EU states try to attract rich Greeks willing to escape overtaxation at home

July 17, 2017 Economy 2

More and more European states are trying to attract rich Greeks and other European Union nationals suffering from overtaxation at home. According to a report: Cyprus, Malta, Ireland, Luxembourg, Monaco, Portugal and the Netherlands, as well as bigger countries such as France, Spain and Italy, are offering generous incentives to …

For every €100 a Greek self-employed makes, €82 go to taxes and contributions

June 28, 2017 Economy 3

Greeks will work an average of 203 days this year to pay taxes to the state and social insurance contributions, according to research conducted by the Dragoumis Center for Liberal Studies (KEFIM) to raise awareness about tax freedom day – the first day of the year in which a country …

Who is to blame for the new Tax and Cuts Tsunami striking Greeks?

October 4, 2016 Editor 20

If one can follow and stomach the Greek news in recent days, he will be stunned about the amount of additional direct and indirect taxes the Greek taxpayers will have to pay in 2017. A total of 2.5 billion euro – that’s the verdict of the draft Budget 2017. Where …

Greek private taxpayers owe €89billion – No wonder with such taxation system amid recession

August 5, 2016 Economy 9

Hundreds of thousands Greek taxpayers are threatened with seizure of their assets as tax offices have already sent 1,492,088 relevant notifications saying more or less: pay or forget your assets. Freezing of bank accounts, seizure and auctions: homes and properties, shops and land-plots come under the hammer for debts to …

Shocking austerity: Greece’s poor lost 86% of income, but rich only 17-20%

March 20, 2015 Economy, Society 5

Greece’s unbalanced austerity and drastic increase of poverty. The poorest households in the debt-ridden country lost nearly 86% of their income, while the richest lost only 17-20%. The tax burden on the poor increased by 337% while the burden on upper-income classes increased by only 9% !!! This is the …

Eurostat: taxation trends in European Union – 2012 data

June 16, 2014 Economy Comments Off on Eurostat: taxation trends in European Union – 2012 data

Theoretically I could write about the Eurostat’s latest report about the taxation trends in the European Union. But, practically, I will not do it. Because, the overall tax-to-GDP ratio refers to data from 2012. It really makes no sense to mention such a report considering the fact that taxes increase …

EU Tax Commissioner Semeta tells Greeks to forget V.A.T. lowering & build “fair taxation system”

June 4, 2013 Economy Comments Off on EU Tax Commissioner Semeta tells Greeks to forget V.A.T. lowering & build “fair taxation system”

EU Commissioner for Taxation put a heavy tombstone in Greece’s hopes to reduce the Value Added Tax in catering services and goods. During a press conference in Athens, Lithuanian Algirdas Semeta made it clear that there was no room for tax reduction. Instead he advised Samaras’ government to build a …

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