According to an Organization for Economic Cooperation and Development (OECD) report released which summarizes tax policy “Greece was the only country that raised the tax rate on corporations” in 2015.
The report reveals that corporate tax rates in Greece were increased from 26 percent to 29 percent in 2015, something that the majority of the 34 member states have shifted away from over the past couple of years; to adjust taxes in order to focus on strengthening growth perspectives.
Also, the report shows that Greece raised their value-added tax rates, as well as special consumption taxes in 2015, all measures which negatively impact GDP.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!