Public economics

Applications to the Tax Authority for Residents Abroad to transfer tax residence to another country have beaten all previous records, as thousands of Greeks seek refuge from the heavy taxes and the excessive social security obligations imposed by the government.

The increased taxes on corporations and households, as well as higher consumption taxes, brought the Greek economy to its knees last year, according to the definitive data for the 2016 budget that the Finance Ministry released on Tuesday.

Excessive taxation and taxpayers' increased use of plastic money in their payments to the state led to the creation of a primary budget surplus of almost 4.4 billion euros in 2016, according to provisional end-of-year figures released on Tuesday by the Finance Ministry.

BSP has given up on its idea of abolishing the flat tax. However, a "rich people tax" has to be introduced. A 20% tax will have to be paid by people with monthly income of above BGN 10,000 from wages and rent, or people with an annual income of over BGN 120,000.

The government plans to introduce an amendment that will allow thousands of municipal contract workers to be hired on a permanent basis via the Supreme Council for Civil Personnel Selection (ASEP), Minister of State Christoforos Vernardakis said in an interview Monday.

BELGRADE - For the first time since WWII, Serbia's budget is set to end a year with a surplus, even without major privatisation revenues, says Serbian PM Aleksandar Vucic.

The primary budget surplus of the year's first 11 months climbed to 7.4 billion euros, due to the overperformance of revenues and the containment of expenditure, according to figures released on Thursday by the Finance Ministry.

Expired debts to the state keep growing by the month due to taxpayers' inability to meet their obligations.

In October taxpayers left taxes of 1 billion euros unpaid, while unpaid taxes amounted to 10 billion euros by the end of that month. Add to that debts to the state from previous years and the sum soars to 92.2 billion euros.

Let me explain the "first conspiracy" in the simplest terms possible. It was the precursor of the greatest conspiracy in Turkey's recent history.   

Doğan Publishing Holding, at the end of 2006, sold 25 percent of Doğan TV's shares to Germany's Axel Springer for 375 million euros (nearly $500 million). The deal was signed on Dec. 26, 2006.