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).

16 May 2024

EU: ‘Major improvement’ in sight as EU ministers agree on withholding tax rules

Pension funds and other investors are a step closer to long-desired smoother withholding tax procedures after EU finance ministers yesterday agreed on proposals that have the potential to harmonise

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30 May 2024

EU: Georgian Parliament overrides president’s veto on offshore law

The Georgian Parliament did not consider the president’s substantiated remarks presented during the veto procedure on the offshore law and thus overrode the veto. In her remarks, Georgian president Salome

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24 June 2024

FINTECH: Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance

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22 February 2024

EU: Oxfam calls EU’s revised tax haven blacklist ‘a joke’

The EU announced Tuesday its revised tax haven blacklist, which removed Anguilla, Dominica and Seychelles, but the NGO Oxfam immediately called it “a joke” given the Pandora Papers revelations.

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