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).

12 August 2024

IRELAND: Ireland “disagrees profoundly” with EU on Apple tax bill

Ireland disagrees profoundly with the European Commission’s ruling against its tax dealings with Apple Inc, Finance Minister Michael Noonan said on Tuesday ahead of seeking cabinet approval to

Read More
20 March 2025

NEW ZEALAND: NZ Police reveal biggest money laundering vulnerabilities for banks

Inadequate information-sharing between banks and complacency around current fraud detection systems are posing major challenges to New Zealand’s ability to tackle the growing money laundering and

Read More
20 February 2024

EU: EU Common Tax Plan Under Fire From Countries’ Parliaments

Five EU countries criticize BEFITReservations could put proposal at riskThe EU faces a hurdle in passing a plan to establish a new set of common rules for calculating the tax base of large companies

Read More
7 February 2024

US: Why most millionaires want a wealth tax: “There’s a certain alarmism among the wealthy about Trump”

Extreme wealth and income inequality will eventually destroy a real democracy. Why? Because that disparity of power and resources allows a relatively small number of people and groups to subvert the

Read More