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Athens News Agency: News in English, 06-08-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Gov't to grant new tax relief in 2007

  • [01] Gov't to grant new tax relief in 2007

    The government is drafting a bill to allow 150 million euros in tax relief for the public in 2007, implementing a pledge made last year. "This is the final phase towards taxation reform that began in 2004," Finance Minister George Alogoskoufis told reporters on Thursday.

    "The overhaul had a major, favourable impact on the rise in gross domestic product, which grew by 4.1% in the second quarter of 2006, although we are not currently considering adjusting the (annual) target of 3.8%," he noted.

    Government policy was bringing returns in growth and employment while tackling losses from the rise in oil prices, the minster added.

    The bill is destined for parliament in October.

    Opposition objects

    Later in the day, the main opposition Panhellenic Socialist Movement (PASOK) complained that the tax relief would fail to offset losses in incomes.

    "Mr Alogoskoufis has underestimated the intelligence of the public if he thinks that his promise of tax relief of 150 million euros in 2007 - mainly on high incomes - can offset severe losses in the income of workers and pensioners," PASOK's shadow economy spokeswoman, Vasso Papandreou, said in a statement.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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