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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesrise in taxes due from the higher income brackets. However, the top 5 percent of households pay just... bracket (incomes over 220,000 euros) pay upwards of 17,000 euros annually in SSC (over 14,500 euros under... of national elections which are now scheduled for July 7. Lowering the tax-free threshold in 2020 has
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Another Eurogroup for Greece where all options fell short
AgoraCommissioner Pierre Moscovici was the first to take the floor and his remarks suggest that over... Thomsen’s remarks that what is on the table falls well short of what the IMF considers necessary.... Schaeuble’s closing remarks set the tone for the next weeks and the possible outcome of the next Eurogroup
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomy) of 2016 ENFIA stems from 7.37 million individuals that would have to pay a total amount of 2.71... were due to a pay a slightly higher amount of 2.83 billion. In addition, 55,244 legal entities are due to pay a total of 466.8 million euros this year, up by almost 10 percent from last year’s figure
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesand with earnings above the threshold could pay between 30 and 47 euros less tax annually thanks...-employed workers, who do not receive a personal tax credit, will pay the reduced base tax rate... to experience only a small increase in their disposable income - enough perhaps to pay for a couple
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammewilling participants in the issue or pay off those that decline to roll over, thereby creating... obligations in the last month of each quarter. Greece has also to pay in March more than 1 billion euros..., the Greek state has to pay in cash 2.61 billion euros in March, which could increase by over 800
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Newsletter 91 - 07/10/2016
since a large number of taxpayers opted to pay their tax obligation using credit cards. This means that taxpayers will pay their ENFIA to the banks in 9–12 monthly instalments, while the state receives... the deadline to pay the second instalment of personal income tax and the first payment obligation
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomy-payment that stems from strategic default and those that are unable to pay. c) Target individuals... with zero income will not pay any instalments for their mortgage. Households with annual income up to 25,000 euros will have to pay 10 percent of their income to service their housing loan, while
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewill pay their full principal amount as early as the end of March. The instalment scheme has incentives that frontload payments and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax
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Newsletter 68 - 01/04/2016
in the excise tax on fuel and natural gas, a rise in the levy on mobile telephony and pay TV, higher taxation... intends to pay state arrears of 7 billion euros to the private sector by the end of the year... it. Maybe this is the price Greece has to pay to ensure that its citizens’ democratic right
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Since 2010, declared income has plummeted but tax due has risen
EconomyFeaturesover the past few years. Specifically, more than one quarter (26.3 percent) of taxpayers did not pay... not pay any personal income tax in 2016, would have to pay tax as of 2019, assuming that their declared... threshold from its current level of 8,636 – 9,545 euros to 5,600 - 5,900 euros would mean that more
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