tax

EU Finance Ministers Approve Deal to Share Information on Tax Rulings

European Union finance ministers adopted unanimously a proposal requiring governments to share information on tax rulings, in an effort to stop corporate tax evasion by multinationals, during a meeting in Luxembourg. According to the political agreement achieved in today’s Ecofin,...

Greek Orthodox Church Will Not Face Tax Hikes

Interim Economy Minister in Greece's caretaker government; Nikos Christodoulakis spoke with Ieronymos II; the Archbishop of Athens and All Greece, on Tuesday, assuring him that he had never planned or even considered imposing additional taxes on the Church. Christodoulakis said there was no...

Greek Budget Revenue Exceeds August Target

Budget revenues surpassed targets by 1.6 pct in August, the Finance Ministry said on Monday.  In an announcement, the ministry said that budget revenues totaled 4.055 billion euros in August, up from a budget target of 3.991 billion euros. The...

Greek State Loses 37.044 Bln Euros from VAT Evasion

The European Commission released a report on Friday which details the losses incurred by the European Union member states due to VAT tax evasion from 2009-2013 and sheds light on the extent of the problem in Greece. During these five...

Greek Minister Announces Changes to Property Tax, More Inspections

Greece's Alternate Finance Minister Tryfon Alexiadis announced plans to revise a special property tax with the aim of lightening the burden for low incomes and small property holders, without changing a 2.65-billion-euro revenue target. He also announced a package...

Greek Deputy Minister of State: Fighting Corruption Will Be 'Number One Priority'

Fighting corruption and finding ways to offset the harsh measures imposed by Greece's creditors will be the coalition government's top priority, Deputy Minister of State Terens Quick told the ANA-MPA in an interview. "The number one priority is for people...

Greek Taxpayers' Overdue Debt Grows to €77.87 Bln in May

Taxpayer overdue debt to the Greek State grew by another 1 billion euros in May for a total of 5.234 billion so far this year, official figures showed. A report by the General Secretariat of Public Revenue said that total...

Mini Tax Bill to Be Tabled in Greek Parliament on June 16

A mini tax draft bill submitted by the Greece's Finance Ministry will be tabled at the Parliament plenum for approval on Tuesday, June 16, in a fast track procedure, a move that was widely criticized by the opposition. Apart from the...

Varoufakis Outlines Plan for Greece's Return to Market Borrowing

Greek Finance Minister Yanis Varoufakis outlined a plan that he said will allow Greece to return to market borrowing, in an interview to Greek newspaper "Avghi." Among others, the plan called for the issue of a low-interest, 30-year loan...

Greek FinMin Varoufakis: There Will Only Be One Good Agreement

There will only be one good agreement...this negotiation has dragged on enough...it will include the pension system, labor market and the public debt," Greek Finance Minister Yanis Varoufakis said on Friday. In a radio interview, Varoufakis said there was convergence in...