Red tape, prohibitive costs deter parental concessions of property

Property owners are rushing to notaries to transfer their real estate assets to their children before January 1, when the new taxable rates for properties, known as objective values, come into effect. However, most give up when they figure out just how much such a transfer would set them back.

Greek tax increases top OECD chart

Greece is the last decade's tax hike champion among the 35 member-states of the Organization for Economic Cooperation and Development, according to a new OECD report.

The report, which reflects the huge burden imposed on Greek taxpayers, shows that Greece remains the global leader not only in the sum of taxes but also in categories such as consumption taxation and property levies.

Memories melted down

The revelations on the activities of two gangs accused of smuggling gold out of Greece have thrown light on a hidden aspect of the human tragedy of the past few years. In addition to undermining the present and the future, with the sudden drop in living standards and incomes, the flight of young people and more deaths than births, the crisis is also robbing us of the past.

Turkish government submits omnibus bill on unemployment pay, pensions, taxes

The ruling Justice and Development Party (AKP) has submitted a 71-article omnibus bill, which introduces regulations over a wide ranging issues such as unemployment pay entitlement, old-age pensions, urban transformation, special consumption tax on certain items and house rents, to the office of the speaker of parliament.

Four million toiling under tax

The policy of high taxation and levies, such as the solidarity tax and the exorbitant ENFIA property tax that has wrought destruction on the middle class, is taking an unbearable toll on Greek households, according to the latest data published by the Independent Authority for Public Revenue (IAPR).