Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy

Economy

The government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system.

This would be brought about through a combination of broadening the tax base, which is favoured by Greece's lenders, and the “reasonable and fair tax increases for certain income brackets” which shifts the tax burden from the low to the higher incomes a...

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