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Newsletter 17 - 27/02/2015
, three ministers gave three different messages about what the government plans to do with VAT.... These included reforms for pensions, VAT, opening up closed sectors, privatisations and the labour market
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Greece: The gathering storm
Agoraplans to do with VAT. On the same day, Finance Minister Yanis Varoufakis suggested that Greece would... in enough detail. These included reforms for pensions, VAT, opening up closed sectors
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeand relates to ‘onlookers’ VAT evasion-fighting scheme with large numbers of causal ‘onlookers’ to assist the fight against VAT evasion. Varoufakis proposes large numbers of non-professional inspectors
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Accommodation and food services turnover jumps 22.2 pct in Q4 2014
EconomyMacroeconomyframework, mainly related to VAT on islands and hotel services. According to SETE a potential change in the VAT rates in either of the two sectors would have a negative impact on the anticipated volumes
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Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues
Economyto the payment of VAT, which was initially due in January but its deadline was extended by month. However, since the VAT underperformance in January stood at 321 million, it would be reasonable
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammemillion), fight against VAT fraud (350 million), instalment scheme (300 million), streamlining income tax code (300 million), introduction of a VAT lottery scheme (270 million), combating illegal trade
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Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
EconomyMacroeconomythings a stable tax framework, mainly related to the VAT rates on islands and hotel services, is a key... is considering increasing the VAT rates in some cosmopolitan islands such as Mykonos and Santorini.
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsreform, VAT hikes and pension cuts. Along with privatisations, on which there appears to be greater... Organisation (ILO) to advise it on restoring workers’ right. The opposition to pension cuts and VAT
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Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
EconomyMacroeconomyin VAT and consumption taxes by 5.4 and 15.7 percent respectively. However, the 3-month indirect taxes eased 0.4 percent to 5.41 billion, 233 million short of target, largely due to VAT, which slipped
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Tsipras upbeat about funding deal but also mulls referendum in case of impasse
PoliticsGreek PoliticsAthens feels it cannot back down. On the issue of VAT hikes, for instance, he defended the discount... is against the idea of raising VAT on other products or services because it would affect all Greeks
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