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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyin the 7-month period arises from a combination of lower expenditure (by 3.11 billion), higher Public Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than 300 million) more than... was due to be paid by the end of July, whilst this year less than half of taxpayers were due to pay
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammeeuros. Households not able to pay their monthly mortgage instalment will receive a subsidy... sets of indebted households if the current commercial property value is lower than the initial... percent on private education and lower pricing for generic drugs, with the aim of MPs voting
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammeof changes to social security contributions as well as the composition of retirement pay and replacement... stands at 384 euros for 40 years of residence. For lower residence years, the national pension... is lower than that paid out, the difference will continue to be paid to the pensioner until the end
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammepp for employees. It is unclear though whether the two sides could agree on a lower rise... without applying any other criteria. In addition, lenders prefer lower pension replacement rates... there is a strong possibility that it will try to find a way by which it will not have to pay out the money
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A closer look at 2015 revenues reveals size of hit they took
EconomyMacroeconomyfrom both sources show high deviation on a monthly basis and well as YoY. The overall lower income tax..., which were offset by lower indirect tax arrears and other indirect taxes by 19 and 71 million... be noted that companies with annual turnover less than 1.5 million pay the VAT on a quarterly basis
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Newsletter 76 - 03/06/2016
that the “haves” pay their fair share and that the cost of adjustment does not fall mostly on the “have nots... of “engaging in an undeclared war in favour of the lower classes and against the more affluent”. There are two... that lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012
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The enemy within
Agorathat the “haves” pay their fair share and that the cost of adjustment does not fall mostly... of “engaging in an undeclared war in favour of the lower classes and against the more affluent... that lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingin the household disposable income and d) lower residual tax obligations in 2015 that taxpayers were due to pay within the first half of 2016. The number of transactions per card remained unchanged... cards posted a slightly lower drop of 5 percent to 121 euros, largely due to the restrained financial
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammesuggestion for lower tax-free threshold, since more than half of Greek taxpayers do not pay personal... for lower tax credit wrongly compares actual tax declarations in Greece with household budget survey data
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammeproposed a significantly smaller tax rate for low incomes (the lower tax rate currently stands at 22... income lower than the 1,000-euro mark, more than 29 percent income between 1-5,000 euros and 8 percent... payers), who would not pay any personal income tax in 2016, would have to contribute as of 2019
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