GREECE: Greek PM Says Tax Cuts Will not Affect Fiscal Stability

Prime Minister Kyriakos Mitsotakis announced upcoming tax cuts without disrupting fiscal stability following his meeting with the new Minister of National Economy and Finance, Kyriakos Pierrakakis on Monday.

Mitsotakis claimed that his government’s systematic efforts were yielding results, pledging that the additional revenues of €2 billion in 2024, would be returned to society, partly in the form of tax cuts. The PM underlined that the government would continue its efforts to reduce tax evasion and ensure a fair distribution of economic benefits.

“The public is already seeing tangible results in the fight against tax evasion, and they should know that they will benefit from this major national success. I believe they will start to notice it very soon,” he noted.

Mitsotakis pointed to the concrete outcomes of these efforts, stating that for the first time, tax revenues are consistently improving—a goal that previous governments had failed to achieve. “We have accomplished what others promised but either failed to deliver or lacked the will to implement,” he said. He reiterated that this effort will continue, with the additional permanent revenue benefiting the economy through tax cuts or increased public investments. “Citizens should know that they will see the benefits,” he affirmed.

In the wake of Greece’s credit rating upgrade by Moody’s, Mitsotakis described it as a national success, confirming the country’s significant progress. He cited faster economic growth, declining unemployment, and rising exports as key achievements.

3 January 2025

US: Billionaire wealth hits $10 trillion as Sanders warns of oligarchic rule

Quick summary:• The combined wealth of the 500 richest individuals worldwide reached $10 trillion in 2024, a record high driven largely by tech stock gains and other economic factors. • Eight tech

Read More
14 May 2024

SINGAPORE: Singapore outlines financial services overhaul with eye on green finance boom

Singapore announced plans on Thursday to overhaul its financial services industry by 2025 in a bid to cement its position in a “key battleground” to fight climate change, mobilising capital

Read More
26 April 2024

White Paper Finds Fund Domiciles will be ‘Front and Centre’ of Tokenisation Trend

Press Release from Jersey Finance, Wednesday 24 April, 2024.  Asset managers can expect to feel the full impact of tokenisation before the end of this decade – but fund domiciles need to keep up

Read More
5 March 2024

US: New rules require beneficial ownership reporting to FinCEN

New rules under the Corporate Transparency Act (CTA) now require many corporations, limited liability companies and other entities to report beneficial ownership and other information to the Financial

Read More