taxation
Economy
High Taxes Cause Drop in Revenues as they Lead to Tax Evasion
The data breakdown from this year's tax returns so far confirm what Greece's finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year.
According to a Kathimerini newspaper report, the tax burden...
Greece
Naxos Tavern Owner Finds Clever Way to Protest Against Heavy Taxes, Austerity
A tavern owner on Naxos found an inventive way to protest against the heavy taxes and overall austerity imposed upon Greek people in the past seven years.
The businessman made his protest statement on the back of the menu, both...
Greece
Opposition Leader: Tax Tsunami Brought Greek People to their Knees
New Democracy leader Kyriakos Mitsotakis on Friday spoke of a 'tax tsunami' that will bring Greek people to their knees and accused Prime Minister Alexis Tsipras of choosing to clash blindly with creditors.
Speaking to SKAI radio on Friday the...
Economy
Greece Signs Multilateral Convention to Prevent Tax Avoidance, Double Taxation
Greece joined 76 other countries and territories in signing on Wednesday the "Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” (BEPS), on the sidelines of the Organisation for Economic Co-operation and Development’s...
Economy
Study: Greek State Loses Up To €16 Bln per Year From Tax Evasion
The Greek State loses up to 16 billion euros per year, or 32 percent of annual revenue, from tax evasion, a new study shows.
The study was conducted by the diaNEOsis institution, using data from international organizations as well. The...
Economy
Property Tax in Greece Went Up Sevenfold in 7 Years
In 2016, Greeks were called to pay seven times more in property taxes compared to 2009, even though they had to deal with a 25 percent drop in GDP and similar unemployment percentages.
According to figures from the tax office,...
Economy
More than 10,000 Homes Passed to the Greek State in 2016
More than 10,500 real estate properties were passed to the Greek State in 2016 because of the inability of owners to pay their tax obligations, according to Kathimerini daily.
The report cites data from Alpha Residential Properties saying that in...
Economy
New Bill Gives Tax Cuts to Greek Politicians
A new Greek parliament article exempts politicians from the special tax called "solidarity contribution," amounting up to 2,000 euros per year, an Eleftheros Typos newspaper report says.
According to the report, the article 43A of the Income Tax Code...
Economy
Greeks Want Less Government and Lower Taxes, study shows
Greeks want tax cuts and less government, even if that means that they would lose some social benefits, and believe that the crisis was brought by "our own shortcomings," a new study shows.
These are some of the results of...
Economy
Greece-Creditors Make No Progress After Third Day of Negotiations
Creditors on Thursday did not accept the Greek proposals for countermeasures and insist that Athens must take additional measures amounting to 2% of GDP in order to reach fiscal targets.
The Greek side argued that it has exceeded budgetary targets...