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A survey has found that Greece’s workers and pensioners are bearing the brunt of the economic crisis and paying 78 percent of the taxes, while a huge majority of the self-employed and farmers declare they make incomes of only 4,800-10,000 euros, orĀ $6,557-$13,660 a year in a bid to escape paying.
The Foundation for Economic and Industrial Research (IOVE) and the British Hellenic Chamber of Commerce study, which was supervised by the Ministry of Finance consultant professor Nikos Karavitis, highlighted the runaway tax evasion that has undercut the governmentās hopes of righting the economy.
Eight out of ten freelancers declare in their tax returns that their income is less than 10,000 euros, with 63% claiming their annual income is less than 5,000 euros, the study showed, according to the newspaper To Vima. It also also showed that 99% of farmers declared that their income was less than 10,000 euros, with only one out of every hundred farmers declaring a monthly income greater than 400 euros.
The study also revealed 64% of taxpayers are employees and pensioners, who declare 82% of taxable income and pay 78% of taxes. The average declared income of employees and pensioners is 15,215 euros (in 2011) compared to the average income of 5,771 euros for all other taxpayers, while businesses largely escape their share of taxes, with the shipping industry, the worldās largest, paying almost nothing.
The government barely collects little more than half, or 56.5% of direct taxes, with about nine billion euros uncollected annually. not collected. Taxes pay for 67.1% of public expenses, which is significantly less than the 82.4% Eurozone average.
Direct taxes amount to 24.7% of all taxes, compared to the 29.2% Eurozone average, while indirect taxes amount to 36.9% (31.4% Eurozone average). The study finally shows that the average tax on labor is 31.3% in Greece, when it is 38.1% in the Eurozone.
A survey has found that Greece’s workers and pensioners are bearing the brunt of the economic crisis and paying 78 percent of the taxes, while a huge majority of the self-employed and farmers declare they make incomes of only 4,800-10,000 euros, orĀ $6,557-$13,660 a year in a bid to escape paying.
The Foundation for Economic and Industrial Research (IOVE) and the British Hellenic Chamber of Commerce study, which was supervised by the Ministry of Finance consultant professor Nikos Karavitis, highlighted the runaway tax evasion that has undercut the governmentās hopes of righting the economy.
Eight out of ten freelancers declare in their tax returns that their income is less than 10,000 euros, with 63% claiming their annual income is less than 5,000 euros, the study showed, according to the newspaper To Vima. It also also showed that 99% of farmers declared that their income was less than 10,000 euros, with only one out of every hundred farmers declaring a monthly income greater than 400 euros.
The study also revealed 64% of taxpayers are employees and pensioners, who declare 82% of taxable income and pay 78% of taxes. The average declared income of employees and pensioners is 15,215 euros (in 2011) compared to the average income of 5,771 euros for all other taxpayers, while businesses largely escape their share of taxes, with the shipping industry, the worldās largest, paying almost nothing.
The government barely collects little more than half, or 56.5% of direct taxes, with about nine billion euros uncollected annually. not collected. Taxes pay for 67.1% of public expenses, which is significantly less than the 82.4% Eurozone average.
Direct taxes amount to 24.7% of all taxes, compared to the 29.2% Eurozone average, while indirect taxes amount to 36.9% (31.4% Eurozone average). The study finally shows that the average tax on labor is 31.3% in Greece, when it is 38.1% in the Eurozone.
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