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VAT, pensions, taxes: these are the latest EU proposals to Greece

VAT increase for restaurants and hotels but a sharp cut for medicines and consumer goods - Stop early retirement, fight against tax evasion and less benefits for shipowners - Here is the text published by Junker and rejected by Athens

VAT, pensions, taxes: these are the latest EU proposals to Greece

Primary surplus at 1% in 2015 and then by 2,3 and 3,5 per cent in the years 2016,'17,'18; VAT increased to 23% for restaurants and catering but reduced to 13% on consumer goods (including hotels) e drastically reduced (6%) on medicines, books and theatres; anti-avoidance measures and corporate tax increases; adoption of one pension reform leading to the immediate implementation of the laws already approved in 2010 and 2012 and strongly discouraging early retirement before the age of 67 or 62 but with 40 contributions.

These are some of the basic steps of the text presented by the EU, the IMF and the ECB to Greece and which takes into account the proposals presented by the Greek authorities on June 8,14,22, 25, XNUMX and XNUMX, the day before the negotiations broke off last Friday with Alexis Tsipras who rejected them en bloc and chose to go to the referendum.

The European proposals were published by the president of the commission Jean Claude Juncker with a completely extraordinary decision (normally they are covered by confidentiality) to allow the Greeks - is the motivation of Brussels - to express themselves with good reason on the occasion of the referendum called for 5 July.

According to European intentions, the proposals should have entered into force on 1 July. The package is extremely articulated and provides various fiscal measures starting with the abolition of concessions for the Greek shipping industry and the increase in the rates of the tonnage tax which taxes the income deriving from the exercise of maritime activities on a flat-rate basis, regardless of the actual results achieved by the business activity. Furthermore, the EU asked for the set of tax deductions to be redesigned and simplified, integrating them with a solidarity contribution that would allow for greater progressiveness of the levy. 

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Attachments: List-prior-actions – version-26- June -20 00 (1).pdf

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