Korkidis: 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
Odysseus’s Ithaca – Five beautiful beaches you must visitPanos - Jul 27, 2021
Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…
Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)Panos - Jul 27, 2021
A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…