Calamos Supports Greece

VAT

Significant Delays in VAT Rebates

A growing number of businesses around Greece report long and unjustified delays in their VAT rebates. Only one in ten businesses have received their tax rebates by mid June. Of the 10,533 existing cases of tax rebates, only 1,562 have...

Greece Asks Troika To Cut VAT

With envoys from international lenders in Athens to check the country's books and the pace of reforms, the Greek government is going to ask again for permission to lower the 23 percent Value Added Tax (VAT) in restaurants. The Troika...

Greece Expects 17M Tourists This Year

Coming off a tough year in which many tourists stayed away because of political and social unrest, Greece is expecting a big rebound in 2013. The President of the Pan-Hellenic Federation of Hoteliers (HHF),  John Retsos, said he was optimistic...

Samaras, Troika Stuck On Worker Firings

While Greek government officials insisted that a one-day delay in talks between Prime Minister Antonis Samaras and envoys of international lenders was due to undisclosed technical matters, other media reports said the negotiations on the release of a 2.8...

Samaras Wants Tax Break For Businesses

Prime Minister Antonis Samaras said that the austerity measures he's imposed on the orders of international  lenders have done all they can and that he wants a flat corporate tax rate of 15 percent in order to bolster investment...

Kouvelis Says Austerity Killing Greece

Fotis Kouvelis, leader of the tiny Democratic Left (DIMAR) that is a junior partner in Greece's uneasy coalition government, has told international lenders that the country can't stand any more of the pay cuts, tax hikes and slashed pensions...

Austerity Drives Down Greek Deficit

Austerity measures that squeeze Greek pocketbooks are making an impact. Greece cut its deficit by a third last year, to 6.5 percent from 9.4 percent in 2011. The government expects to cut the deficit to 4.3 percent by the end...

Troika Says 80% Greek Debt Uncollectible

Because of austerity measures and even as it's pressing Greece's coalition government to go after tax evaders who owe more than $70 billion, the country's international lenders have admitted that 80 percent of the country's debt can't be collected...

Alcohol Tax Hike Cuts Greek Sales

Just as increased taxes on restaurants and bars have driven down sales and revenues, a big hike in taxes on alcoholic drinks in Greece in a desperate bid to raise money has also backfired, sending tax revenues down and...

Greece Will Pile On More Taxes in June

ATHENS – Already under an avalanche of tax hikes  - including a doubling of income and property taxes – beleaguered Greeks will be hit with a new round of increases in June when the government will pile on more...