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  1. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion euros in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU, with Greece ranking among the worst performers. The VAT gap is a measure of VAT

    43%

  2. Effort to unite PASOK and Potami seems to have hit a wall

    PoliticsGreek Politics

    The project to unite PASOK and To Potami in order to create a dynamic third force in Greek politics with the potential to be a key governing partner or kingmaker appears to be in danger of collapsing. Only a few days after the leaders of the two parties, Fofi Gennimata and Stavros Theodorakis, met

    43%

  3. Italian support over Libya buoys Athens as it looks to build broad East Med alliance
    Photo by Finnish Presidency of EU

    PoliticsForeign Policy

    Jurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece

    42%

  4. ND in danger of being blown off course by farming subsidy scandal

    PoliticsGreek Politics

    to plead the case of a local olive farmer who was in danger of missing out on a legitimate subsidy

    41%

  5. EC study: VAT gap in Greece at 34 pct, more than double the EU average

    Economy

    The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013. The VAT gap is defined as the difference between the amount of VAT that is actually collected and the estimated VAT amount

    41%

  6. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while.... Although VAT rates remained broadly stable, the key changes relate to reshuffling of products and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books

    41%

  7. The main political scenarios ahead for Greece should it reach a deal with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    of the more onerous measures, such as cuts for low-income pensioners and an increase in VAT... of numerous tax breaks, as Marcus Walker of the Wall Street Journal reported on Saturday... not be in danger of losing his majority as the government now has 162 of 300 seats. Government

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  8. Newsletter 103 - 20/01/2017

    Newsletters

    in VAT Tsipras is unlikely to bring up the prospect of snap elections unless he feels he has been put... Stability Mechanism, Schaeuble this week warned against this option. Speaking to the Wall Street... minister stressed again the danger of not concluding the review to the IMF’s satisfaction, arguing

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  9. Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows

    Economy

    The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014. The VAT gap is a measure of VAT compliance and it is defined as the difference between the amount of the collected VAT revenues

    40%

  10. Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows

    EconomyMacroeconomy

    controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank..., the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates

    40%