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).

5 February 2024

ASIA: What ED probe on Indian owners of offshore firms reveals

Indian owners of offshore firms named in the Pandora Papers are – Anil Ambani, Sachin Tendulkar, Niira Radia, Gautam Singhania, and Lalit Goyal, among others. The Enforcement Directorate (ED)

Read More
28 February 2025

INDIA: Volkswagen faces $2.8 billion tax dispute in India over import misclassification

Indian tax authorities have accused Volkswagen of evading ₹1.4 billion in taxes by misclassifying car imports over 12 years. The company now faces a potential tax liability of $2.8 billion, including

Read More
16 August 2024

IRELAND: Ireland tops rankings of best citizenships for HNWs

The 2024 World Citizenship Report HNW reveals a shift in priorities that reflects a broader trend for overall well-being in a time of geopolitical insecurity. Switzerland, known for its stability, economic

Read More
22 November 2024

US: Bitcoin nears $100,000 as investors bet on crypto-friendly Trump policies

Bitcoin is nearing the $100,000 mark as crypto enthusiasts bet that United States President-elect Donald Trump will usher in a more welcoming regulatory environment for digital assets. The world’s

Read More