Mitsotakis: Reduction in tax rates ‘non-negotiable’

15 December 2017
806 Views

Main opposition New Democracy (ND) leader Kyriakos Mitsotakis this week again reiterated his party’s standing position that a reduction in tax rates in the country is “non-negotiable”, regardless of whether institutional creditors accept the Greek side’s requests for lower annual primary budget surplus targets – as a percentage of GDP.

“We must point out that reduced taxes do not mean, by necessity, less revenues for the state. There are instances when a reduction in tax rates can lead to an increase in revenues. This occurred, in fact, with VAT rates in the food and beverage sector, which was undertaken by the Samaras government (2012-2014), when state revenues increased,” he said.

Besides Mitsotakis’ continued emphasis on reducing taxes in the still bailout-dependent country, he again referred to accelerated reforms in the state administration and economy, as well as stepped up privatizations.

His statements were carried in a new Athens daily, “Phileftheros”.

You may be interested

Mitsotakis holds scheduled call with German Chancellor Merkel
POLITICS
shares48 views
POLITICS
shares48 views

Mitsotakis holds scheduled call with German Chancellor Merkel

makis - Nov 15, 2019

Prime Minister Kyriakos Mitsotakis on Friday spoke with German Chancellor Angela Merkel on the telephone, during a scheduled call. The…

Bitcoin devours more electricity than Switzerland
FINANCE
shares52 views
FINANCE
shares52 views

Bitcoin devours more electricity than Switzerland

Panos - Nov 15, 2019

Among other things, Bitcoin has been criticized for price volatility, use in illegal transactions and thefts from exchanges. It has…

Germany the largest greenhouse-gas emitter in Europe
WORLD
shares58 views
WORLD
shares58 views

Germany the largest greenhouse-gas emitter in Europe

Panos - Nov 15, 2019

The European Union is the third-biggest emitter of greenhouse gases in the world, and as this ranking from Eurostat and…

Leave a Comment

Your email address will not be published.