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).

31 May 2024

IRELAND: Oman, Ireland sign agreement for avoidance of double taxation, tax evasion

The Sultanate of Oman and the Republic of Ireland today signed in Muscat an agreement for the avoidance of double taxation. The agreement pertains to taxes on income and the prevention of tax evasion

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11 March 2024

ST KITTS & NEVIS: St. Kitts And Nevis Achieves Remarkable Economic Turnaround With Surplus In 2023

The Federation of St. Kitts and Nevis will see a significant economic milestone, marking a year of robust economic growth and fiscal surplus in 2023. This achievement reflects the nation’s strong

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15 August 2024

US: Hindenburg alleges SEBI chair held stake in Adani-linked funds

New developments have emerged in the Adani-Hindenburg row that began in January 2023 with the release of the first report by the US-based short-selling investment firm Hindenburg Research that alleged

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19 April 2024

Carey Olsen advises Sanctum FI LLP on launch of an Artificial Intelligence-powered investment fund

Press Release from Carey Olsen, Friday 19 April, 2024.  Carey Olsen has advised investment services firm Sanctum FI LLP (“Sanctum”), the investment manager of Financial Science Holdings

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