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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... and secure a disbursal of at least some of the 7.2 billion euros remaining in bailout funding
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Greek coalition braces for internal debate over agreement with lenders
PoliticsGreek Politics), as well as a 10 percentage point rise in VAT on electricity. Labour Minister Panos Skourletis also... for Tsipras is Independent Greeks’ opposition to scrapping a 30 percent discount on VAT for Aegean..., as well as medium-term funding (on which Greece has made a proposal for an ESM-ECB swap), in his post
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyentirely attributed to lower VAT revenues, while consumption taxes outperformed. In specific, VAT revenues... or postponing other expenses in an effort to cover the external funding needs, mostly related to IMF payments
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Newsletter 37 - 31/07/2015
that stretch from streamlining the VAT system, broadening the tax base to increase revenue, improving the long... statistical agency ELSTAT, overhauling its civil justice system and increasing VAT on bread... on the identification of Greece’s funding needs by international creditors for the next three years. Moreover
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From the troika to the quartet
Agorato comply with reform requirements that stretch from streamlining the VAT system, broadening the tax... system and increasing VAT on bread produced in bakeries. When Greece is compared with other eurozone... are having an effect on the identification of Greece’s funding needs by international creditors
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What the agreement between Greece and lenders means for fiscal and tax policy
EconomyProgramme, the government should adopt all necessary measures to make the VAT lottery operational by February 2017... for uncollected VAT related to unpaid good and services and introducing a system of regular monthly payment... programme review were the fiscal gap, funding of the guaranteed minimum income (GMI) and labour
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Budget passed but coalition handouts draw attention
PoliticsGreek Politics, ahead of the budget vote, that it will not be raising the VAT rate on five of the 32 Aegean islands... flows. The ministry said that it had agreed the extension of the VAT discount on these islands... and the disbursement of more than 5 billion euros in funding. Handouts However, the coalition appears
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Mitsotakis eyes tax cuts to jump-start economy, also seeks unity but not with SYRIZA
PoliticsGreek Politicstax for the self-employed, cutting the VAT rate in the food service sector from 24 to 13 percent... VAT in the construction sector for three years and offer a 40 percent tax discount on refurbishment...) is roughly equivalent to the amount of state funding that municipalities receive. Under his scheme
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New team at Finance Ministry tasked with familiar old juggling act
PoliticsGreek Politicsharmonising of VAT rates for the food and catering industry at 13 percent and tweaks to the previous... in income, corporate and property taxes and VAT will kick in next year. The bill will cost.... Much of the funding for its tax cuts would come from better tax compliance and efficiency savings
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalin order to promote and extend the distance vocational activity. 4. VAT Reduction The reduction of VAT... such as economists and accountants, engineers, lawyers, doctors, educators and researchers, the funding
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