GREECE: Gov’t boosting massive investment program and tax reductions from surplus revenues fighting tax evasion

The positive circumstances for the massive investment program funded by the Recovery Fund and NSRF, as well as from the significant rise in revenues due to the curtailment of tax evasion, create conditions to cover the investment gap in Greece and reduce tax burdens for taxpayers, the government’s financial team say.

Greece has a tremendous opportunity to establish its high growth rates in the coming years and restore unfairness in taxation policy that are grounded in the era of memorandums, they say.

Based on these new facts, the economic policy will focus on two overriding priorities:

a. Speedy absorption of Recovery Fund resources and funding of European programs through NSRF, along with the fast signing off of the projects, in order to contribute to the economy’s growth the soonest possible, and

b. Continuing the containment policy of tax evasion with measures such as digitizing transactions and with inspections by the Independent Authority for Public Revenue (AADE).

20 February 2025

CAREY OLSEN: Carey Olsen supports LSE-listed ICFG Limited (formerly Fintech Asia Limited) in a reverse takeover of ICFG Pte. Ltd.

Press Release from Carey Olsen, Thursday 20 February, 2025. Carey Olsen’s corporate team in Guernsey has advised ICFG Limited (formerly Fintech Asia Limited), a Guernsey company listed and admitted

Read More
13 December 2024

ASIA: Korea postpones crypto taxing again. What’s next?

South Korea has postponed its cryptocurrency trading tax for the third time, following a last-minute agreement between opposing parties just a month before the policy’s scheduled implementation.

Read More
20 August 2024

WEALTH TAX: Countries can raise $2 trillion by copying Spain’s wealth tax, study finds

Ending special tax treatment afforded to superrich can cover estimated climate finance needs Following the example of Spain’s “featherlight” wealth tax on the 0.5% richest households would see

Read More
11 October 2024

AFRICA: Kenya’s authority to explore AI and machine learning to detect tax evasion

The Kenya Revenue Authority (KRA) intends to use technologies such as Artificial Intelligence (AI) and Machine Learning to analyse massive amounts of data and detect patterns of tax evasion. According

Read More