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Tag Archives: taxation

OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

Greece is defying the prevalent trend among the world’s industrialized nations for reducing tax rates in order to boost investment and competitiveness, a report published by the Organization for Economic Cooperation and Development (OECD) has shown. In contrast Greece has increased labor and corporate taxes, Value Added Tax as well …

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Greek shipowners to extend voluntary tax pay also in 2018

Greek shippers intend to discuss the extension of their voluntary economic contribution to the state into 2018 in the context of an extraordinary general meeting of the Union of Greek Shipowners (EEE) scheduled for June 26. Sources told Kathimerini that the extension of this optional levy is all but certain, …

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IMF demands €450mn austerity cuts in unemployment, poverty allowances for 2018

The austerity nightmare has no end. Despite the fact that the International Monetary Fund has only an adviser role in the third bailout program, it keeps pushing and pushing for cuts and more cuts without end. It wants cuts in unemployment allowance – currently at 360 euro. Cuts in poverty …

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Tsipras rushes to Paris for unscheduled meeting with Hollande

Prime Minister Alexis Tsipras is rushing to Paris to meet French President Francois Hollande. As the meeting was not planned, Greek media wonder whether the urgent trip to Paris has something to do with the break in Greece-Creditors Review Talks and the Government decision to submit two bills to the …

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Tax Shock! Greek gov’t to raise income tax to 50% for €60K-incomes. Really?

The Greek government aims to get additional 400 million euro revenues from taxes alone in the current year. But where it will get them from? From the better-earners. Therefore it reportedly submitted a groundbreaking proposal to the country’s creditors: taxation of 50% for those ‘natural persons’ – i.e. employees – …

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2016 – The Year of New Greek Tax Hikes

I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of …

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Police teargases angry farmers outside the Greek Parliament (videos)

Jeering, tear gas, sound flares, water bottles and oranges were the highlights of the farmers’ protest outside the Greek Parliament at Syntagma Square on Wednesday. More than 3,500 farmers, breeders and fishermen from all over Greece had gathered in Athens to protest taxation and social security reforms in their sector. …

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OECD: Greek families with kids are taxed higher than singles

It doesn’t worth to be married with kids in Greece. Tax-wise. While taxes and social security contributions swallow 43.4% of the salary of a taxpayer without family, families with children are taxed with 3 percentage points more. According to a survey conducted by the Organization for Economic Cooperation and Development …

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