Tax

FinMin Teodorovici: Lump-sum taxation might be more appropriate for both businesses and tax watchdog

The lump-sum taxation might be more appropriate for both the business environment and the National Tax Administration Agency (ANAF), given that 45,000 companies out of 1.2 million contribute 98 percent of the state budget revenues, Minister of Public Finance Eugen Teodorovici on Tuesday told the conference "Tax Policies for Financial Restructuring and the Support of the Business Environment." "

SYRIZA’s 17 taxes that broke the back of the middle class

An avalalanche of over a dozen new taxes and tax hikes imposed during SYRIZA's four-and-a-half years in power is widely considered the main reason for the disastrous result of the 26 May European Parliament election.

The government's long string of tax hikes was in large measure due to its inability to meet fiscal targets agreed to with creditors.

Taxation leads to dwindling of middle classes

The government's tax measures have failed to fetch additional revenues, while generating more expired debts and leading to the concealment of incomes and the shrinking of the middle classes, figures show.

Last week, Finance Minister Euclid Tsakalotos himself gave a definition of the middle classes, putting their incomes at between 20,000 and 45,000 euros.

Government insists counter-austerity measures to be implemented

Having tabled a bill rescinding a legislated reduction of the tax-free threshold on personal income tax backed that was scheduled to take effect on 1 January, 2020, the government has said it plans to implement a series of counter-austerity measures that the PM had announced in the past.

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