Greece
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taxation

Greek Economy Fails to Compete Due to Overtaxation

Greece is not tax competitive compared to other countries because over-taxation drives investors away, according to information gleaned from the latest International Tax Competitiveness Index (ITCI). Specifically, Greece ranks 30th among the thirty-six countries of the Organization for Economic Co-operation and...

Greece Has Third-Highest Property Taxation Rate in EU, After the UK and France

According to data released recently by the OECD and Eurostat, Greece ranks third in the European Union in terms of the taxation it imposes on its citizens' properties. The only nations taxing their citizens more than Greece are Great Britain...

Greek PM Mitsotakis Promises Tax Cuts, Growth and Diaspora Vote

Greece's new Prime Minister Kyriakos Mitsotakis on Saturday announced immediate tax cuts on single properties and businesses, wage increases and a vote to Diaspora Greeks, among other promises. "The July 7 elections ended the cycle of crisis," Mitsotakis said before...

Greece the Most Difficult Country to Set Up a Business

Greece is the most difficult country in the world to set up a business due to bureaucracy, frequent changes in legislation, differences in VAT depending on the region and unpredictable treatment of businesses by state and local authorities. Greece comes...

Greece Becomes the Second Largest Investor in North Macedonia

Greece's importance in the economy of North Macedonia is becoming even more clear after the ratification of the Prespa Agreement, as the country became the second largest investor in North Macedonia for the year of 2018. The role of Greek businesses...

Greek Opposition Leader Promises Lower Taxes, Reforms (video)

Greece's opposition leader Kyriakos Mitsotakis promised sweeping changes to his nation's economy during an exclusive interview with CNBC on Tuesday. Speaking before the upcoming Greek general elections later this year, Mitsotakis, the leader of New Democracy, vowed to restore market credibility during...

Greece Among Few Countries To Raise Taxes Over Last Decade

According to new data published by the Organization for Economic Cooperation and Development (OECD) on Tuesday, Greece was among the nine countries out of all 36 Organization members to raise business taxes during the last decade. The nominal tax rate...

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Major Tax Cuts and "Social Dividends" Announced in Greek Parliament

The Greek government announced Wednesday that the Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.1 million property owners. In addition, the state will distribute a one-time payment to more than 1.3 million people as...

Greek State Champion in Overtaxing

The The The nation of Greece is once again a champion in overtaxing  its citizens, ranking 29th among 35 OECD countries, as shown in the 2018 International Tax Competitiveness Index (ITCI). The data was presented by the Center for Liberal Studies (KEFIM),...