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Unpopular tax bill set to become law despite objections
PoliticsGreek PoliticsNew Democracy’s legislation against tax evasion looks set to clear the final hurdle today in the teeth of strong objections from opposition parties and legal concerns raised by Parliament’s scientific council.
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PM focusses on fairness of tax bill, leaving limited space for opposition
PoliticsGreek PoliticsAhead of the visit by Turkish President Recep Tayyip Erdogan on Thursday, the political attention in Greece turned to tax issues on Wednesday as the parties debated the government’s contentious tax bill, which will see the self-employed taxed based on a minimum income.
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PM brushes aside political cost of self-employed tax bill as main opposition unravels
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis appears determined to pass a controversial tax reform in the teeth of opposition from unions and his own party’s lawmakers.
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Government braces for self-employed tax protests, but insists on soundness of measure
PoliticsGreek PoliticsThe government is bracing itself for a backlash against the new tax on self-employed income it presented last week, while at the same time trying to win over public opinion for the measure.
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Government faces uproar over tax evasion measures despite solid poll ratings
PoliticsGreek PoliticsThe announcement of a new tax regime for self-employed earners has elicited a strong reaction from opposition parties. The measure is part of a reform package that the government claims are necessary to combat tax evasion, but its critics say it amounts to unfair targeting.
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Early goals set as new cabinet gets to grips with tasks for ND's second term
PoliticsGreek PoliticsThe new cabinet, chosen by Prime Minister Kyriakos Mitsotakis after his re-election on Sunday, is due to meet for the first time on Wednesday as the government looks to pick up where it left off in May and continue what the New Democracy leader has labelled the “transformation” of Greece.
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Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
EconomyMacroeconomyThe budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
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Rising contributions spark concern in key voter groups
PoliticsGreek PoliticsApart from turning a primary deficit into a surplus in what is expected to be a low-growth environment next year, the government is also facing another challenging balancing act as it will have raise social security contributions for the self-employed despite pledging lower levies for employers and employees.
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OECD finds tax cuts linked to pandemic helped reduce wedge on labour
EconomyThe Greek government came into office in 2019 promising tax cuts and the adoption of the Stability and Growth Pact escape clause by the eurozone during the pandemic allowed New Democracy to reduce the tax wedge on labour, along with 43 billion euros of Covid-related relief over 2020 and 2021.
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Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
EconomyMacroeconomyThe budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.