Tax matters - Greece bailout deal hinges on collection rates


Agreement with creditors relies not just on reformed tax rates but collection rates with Athens losing 6% more of GDP to evasion than OECD peers

At the heart of the proposals submitted to Brussels by the Greek government on Monday – and central to the disagreements remaining between Athens and its creditors – is the issue of tax.

According to reports circulating in Athens, the government offer to negotiators includes corporation tax increases on companies with profits over €500,000 (£359,000) and additional income tax for individuals with annual earnings of more than €30,000.

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