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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgramme, there were a number of differences mainly in the VAT, pensions, fiscal structural measures and labour market. VAT On VAT, the government now wants to maintain only the 30 percent discount on islands. Note
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammesubsidies will be eliminated in the next 14 months. On VAT, the Greek request for lowering the rate on beef... by the institutions. However, this would be counterbalanced by the imposition of a VAT rate of 23... intervention voted on July 15 for private tuition and language schools, which were previously VAT
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomy. The rebound next year largely stems from higher VAT revenue growth (+6.1 percent), while consumption... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... in the 2-year period. On the revenue front, the key interventions involve: VAT streamlining
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgramme. These include streamlining of rates and exemptions to increase VAT revenues (0.25 percent of GDP), further... to be a concession by the Greek government to increase the VAT rate for utilities from 13 to 23 percent... reform (1 percent), VAT reform (0.25 percent) and wage bill (0.25 percent)), according to the IMF
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgramme, the most significant single measure relates to an increase in the basic VAT rate from 23 to 24... as an alternative measure to the increase in the VAT rate on hotels from 6.5 to 13 percent. Introduction... percent of GDP would stem from the change in the VAT rate, 0.35 percent of GDP from other revenue
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Newsletter 74 - 20/05/2016
the indirect tax measures will stem from a rise in the basic VAT rate from 23 to 24 percent... the plenary discussion will take place over the The new law will see the basic VAT rate rise to 24 percent... to the top rate of VAT and the excise tax on fuel. The legislation concerning a fiscal mechanism
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Revenues beat target for second straight month in Oct with 739 mln over-performance
EconomyMacroeconomyin October is attributed to increased VAT revenues. As we noted, VAT revenues climbed 47.2 percent... target. GSPR figures for September showed VAT, along with corporate income tax, has one
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Greek 2017 budget reveals size and source of extra tax burden
Agorain additional revenues of 439.6 million (18 percent). Moreover, the increase in the basic VAT rate from... of 1.34 billion euros in 2017 is almost equally split between additional VAT revenues and consumption... and 54 percent of the incremental VAT and consumption tax revenues respectively. The Finance Ministry
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Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek Politicsannounced by Tsipras, along with his proposal for the rise in VAT on northeastern Aegean islands... of the VAT freeze (19 percent had a neutral view). Just 30 percent of respondents said they opposed the pension benefit and 23 percent were against the halting the VAT rise on the islands. Apart from
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Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
PoliticsGreek PoliticsVAT on agricultural products from 24 percent to 13 percent as of July 1 this year... for this intervention. Mitsotakis proposed a 20 percent reduction in the ENFIA property tax, reducing VAT... and providing nursery places for all children. The government’s decision to reduce VAT on farming products
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