“Improve collectibility rather than raise the VAT”
The government’s aim should be to improve the collectibility of taxes, rather than raising the VAT, argued the president of the National Confederation of Hellenic Commerce (ESEE) Vasilis Korkidis.
According to the ESEE president, this will be the sixth overall VAT hike in six years and second in the past 10 months, which he argued is having a serious impact on trade and public revenue.
In his statement Korkidis cited the European Commission, which notes that raising the VAT during a recession and poor economic performance will result in even lower tax revenues.
This latest VAT hike, he further explained, will lead to higher consumer prices, since businesses are no longer in the position to absorb the increase.
You may be interested
ELSTAT revises surplus down – Deficit at 9.7% in 2020Panos - 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)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 GooglePanos - 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…