OECD finds tax cuts linked to pandemic helped reduce wedge on labour

Economy Tags: OECD, Taxes
Photo via http://www.oecd.org/
Photo via http://www.oecd.org/

The Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.

According to the latest data monitored by the OECD in its Taxing Wages for 2022, Greece is one of the OECD countries that reduced the tax burden on incomes, primarily thanks to abolishing the solidarity levy on private sector incomes and the reduction b...

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