Greece
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taxes

Elon Musk Announces He Will Pay Over $11 Billion in Taxes This Year

Elon Musk announced via Twitter on Monday that he will be paying over $11 billion in taxes for 2021. "For those wondering, I will pay over $11 billion in taxes this year," Musk wrote. Half a million people have since...

How the Super Rich Paid Taxes in Ancient Greece

Taxation in ancient Greece was much different than any modern system. It's difficult to imagine now, but in ancient Greece, the richest of the rich actually competed to pay the most in taxes. Direct taxation paid to the government at...

Tax Havens: Why the G-7 Effort to End Them is Unlikely to Succeed

Tax havens are characterized by applying a tax regime that is especially favorable to non-resident citizens and companies.

Greece Busts International Cigarette Smuggling Ring

Authorities have seized 338 million illegally smuggled cigarettes at the port of Pireas, Greece according to an announcement on Friday. 

Greece to Lower Taxes and Social Security Contributions for Some

Greek Prime Minister Kyriakos Mitsotakis announced on April 22 five measures to lower taxes and social security contributions for the country, effectively a reversal of tax hikes imposed by the previous government. They are aimed at individual entrepreneurs, legal entities, businesses,...

Greece Courts Foreign Taxpayers with 50% Income Tax Discount

In an attempt to convince foreign taxpayers and Greeks living abroad to move their tax bases to Greece, lawmakers have presented a new bill to Parliament on Tuesday that would offer foreign taxpayers a 50% discount on their income...

Greeks Pay Same Amount of Taxes and Other Levies As Germans, Study Finds

According to a recent study published by Eurostat, Greeks and Germans pay exactly the same amount of taxes and levies to their national state coffers as a percentage of their nations' Gross Domestic Product. More specifically, 41.5% of Greek and...

Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts

The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday. There was a primary surplus of 2.523 billion euros...

€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide

According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017. The extent of the practice of tax evasion across...

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...