VAT upped to 24% plus Internet levy, but still insufficient

21 April 2016
704 Views

The Greek government seems ready to offer more concessions and ‘shift’ its red lines in talks with the Quartet, in order to reach a deal as soon as possible. Even though the Greek side showed its willingness to close a deal by accepting to raise the VAT from 23% to 24%, it is becoming apparent the an agreement is unlikely any time soon. Following protracted talks, which lasted for 17 hours and ended in the early hours of Thursday, little progress was made regarding the key areas of dispute between the two sides. Greek Finance Minister Euclid Tsakalotos will make a last ditch effort Thursday morning at 10 to convince the Quartet and extract a deal before the institutions’ representatives leave for Friday’s Eurogroup meeting in Amsterdam. Greece’s lenders disagree with the government’s proposals on the new taxation system, the social security reforms and mainly the ‘red loans’ scheme, which make up most of the 5.4bln Euros for the primary surplus to be achieved, arguing they will not yield the desired funds. The creditors are pushing for a lower free tax threshold level for pensioners and employees, proposing an immediate reduction to 8,182, compared to Tsakalotos’s 9,090 from the current 9,545 Euros.

You may be interested

ELSTAT revises surplus down – Deficit at 9.7% in 2020
GREECE
shares10 views
GREECE
shares10 views

ELSTAT revises surplus down – Deficit at 9.7% in 2020

Panos - Apr 23, 2021

Despite the unprecedented global recession, the General Government deficit in 2020 was kept in the single digits. According to the…

Visit the Greek island in the 100 most impressive list in the world (video)
TRAVEL
shares12 views
TRAVEL
shares12 views

Visit the Greek island in the 100 most impressive list in the world (video)

Panos - Apr 23, 2021

Ios was recently included in the list of the most impressive islands in the world on the news site Insider.com.…

Daily Mail files anti-trust lawsuit against Google
WORLD
shares18 views
WORLD
shares18 views

Daily Mail files anti-trust lawsuit against Google

Panos - Apr 23, 2021

MailOnline/DailyMail.com is suing Google for alleged anti-competitive behavior over the search giant’s ability to exploit its dominance in the ad tech industry…

Leave a Comment

Your email address will not be published.