Value Added Tax
Economy
Greek Gov't to Propose Tax Hikes, High Pension Cuts to Lenders
The Greek government is ready to propose tax hikes and high pension cuts to lenders as part of reforms in order to unlock liquidity for the Greek economy. Also, labor market legislation is put on the negotiation table.
So far...
Economy
German Press: Gov't Considers Special Levy to Greece's 500 Richest Families
The Greek government is considering imposing a special levy on the country's 500 richest families as part of the measures proposed in order to unlock financial aid, said German newspaper Bild on Wednesday.
The paper cites as source the list...
Economy
Varoufakis: Concessions to Reach Deal, Lenders Push Us to the Limits
Greece will make concessions in order to reach an intermediate deal that would increase liquidity now, and then come up with a comprehensive list of reforms for a final deal in June, Finance Minister Yanis Varoufakis said.
"We are putting...
Crime
Organized Crime in Greece Generates €3.6 Bln a Year
Organized crime in Greece generates a little under 3.6 billion euros per year, with contraband products playing a major part, according to a European Commission study.
According to the report titled "From Illegal Markets to Legitimate Businesses: The Portfolio of...
Economy
New Tax Measures Still Not Clarified, Varoufakis Criticized
The Greek government's efforts to restructure the tax system have created confusion among taxpayers as various ministers make statements that contradict each other. At the same time, Athens is trying to attach a price to a package of measures...
Economy
Defense Cuts Tradeoff For VAT Slash
When Greek Prime Minister Antonis Samaras on July 17 announced that the country's international lenders had agreed to a cut in the Value Added Tax (VAT) for the food sector and restaurants from 23 to 13 percent, he didn't...
Economy
Veteran Journalist Seraphim Phyntanidis Arrested For State Debts
Seraphim Phyntanidis, veteran journalist and chief editor of Eleftherotypia daily for many decades, was arrested Tuesday for debts to the state and is expected to appear before court on Wednesday facing misdemeanor charges.
The 77-year-old journalist's initial debt to the...