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Greek PM Unveils Tax Breaks Amid Cost of Living Crisis
6 Articles
6 Articles
Greek Premier Offers €1.6 Billion Tax Cuts to Spur Middle Class
Greek Prime Minister Kyriakos Mitsotakis announced a radical €1.6 billion ($1.9 billion) reform of the country’s income tax system, aimed at boosting the nation’s middle class that has struggled to rebound from years of crisis.
Greek PM unveils tax breaks amid cost of living crisis
ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis on Saturday announced generous income tax breaks to boost households with children, part of a tax reform worth 1.6 billion euros ($1.87 billion). The tax deductions, announced during his yearly speech on economic policy, come as his government seeks to halt a slide in popularity caused by a protracted cost of living crisis and corruption claims. Strong economic growth, a higher-than-expe…
The reduction in tax rates concerns 4 million taxpayers - Zero tax for workers up to 25 years old and up to 20,000 euros in income - Reduction to 9% from 22% until they are 30
The Prime Minister spoke of "the boldest income tax reform in the history of the post-colonial era. An intervention of 1.6 billion euros. A plan that could have many titles: the time of the middle class, the time of the family, the time of the new generation."
The announcement today, through the Prime Minister, of a major tax reform, which will increase the income of all citizens, was announced by government spokesman Pavlos Marinakis. More...
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