Conditions for the creation of additional fiscal space, through which new support measures for households and businesses can be financed, are created by the collectability of income tax and ENFIA, while the image is particularly good in the repayment of “refundable advances”. At the same time, the “high speeds” recorded in the transactions with “plastic […]
Tag: taxation
Property taxation proposals from the OECD
The regular readjustment of property prices, on which property tax is imposed, and the reduction of taxation in housing transactions is proposed, among other things, by the OECD in its latest report (Housing Taxation in OECD Countries). To increase efficiency in the labor market and strengthen equality, the OECD also suggests that countries consider limiting […]
Donations that were not made through a bank are taxed, the tax office ruled
By Prokopi Hadjinikolou Appeals by taxpayers who request the cancellation of the taxes imposed on them for donations of monetary sums are rejected one after the other. The law does provide for a tax-free limit of 800,000 euros for donations and parental benefits, however, it sets specific terms and conditions. One of the main conditions […]
New opportunity to close tax cases
Of Prokopi Hatzinikolaou More than 2,500 applications have been submitted to the committee for out-of-court resolution of tax cases by taxpayers and businesses that had appealed to the administrative courts and the Council of State. In fact, due to the volume of cases, the financial staff decided to extend the commission’s operation, giving taxpayers the […]
G. Thomas: Taxation is not going to be reduced in Europe
Stability and even a rise in taxation in the long run was predicted by Gerasimos Thomas, Director General of the European Commission’s Directorate-General for Taxation and Customs, speaking at the 7th Delphi Economic Forum and said that taxation would not be reduced as states sources. “We have to move away from the prospect that in […]
Le Figaro: Greece more tax advantageous than Portugal for French retirees
Greece, from a tax point of view, is more advantageous for French retirees than Portugal. This is the conclusion reached by a relevant report of the newspaper Le Figaro entitled “Greece or Portugal: What is the best tax haven for retirees?”. The main conclusion is that Greece today appears slightly more attractive than Portugal, which […]
US: More Taxes on Billionaires – What the Biden Plan Provides
In the draft budget for 2023, President Joe Biden on Monday proposed imposing a minimum tax rate on Americans with the highest incomes, marking the first time the White House has directly targeted the wealth of billionaires, after a similar Democrats did not move forward last fall. The US president’s proposal introduces a minimum tax […]
US: Biden will propose tax increases for billionaires
The Biden administration will propose to tax the richest Americans more, in the draft budget for 2023 that will be presented on Monday, according to the Washington Post. The “billionaire minimum income tax” proposal is for the roughly 700 richest Americans, with a minimum tax rate of 20% for more than $ 100 million a […]
American crypto millionaires flock to Puerto Rico tax haven
Cryptocurrency millionaires in the US have found their own paradise in Puerto Rico, according to a CNBC report. One of them is David Johnston, a businessman and cryptocurrency investor, who in March 2021 moved his parents, his wife, his three daughters and his company to Puerto Rico. The 36-year-old, who has been involved in the […]
Parliament: Greece-Singapore convention on the elimination of double taxation approved
The draft law ratifying the agreement between the Hellenic Republic and the Republic of Singapore on the elimination of double taxation and the avoidance of fiscal evasion with respect to income and capital taxes was approved by a majority of the Parliamentary Standing Committee on Economic Affairs. ND and the Movement for Change supported the […]