Tax
Bogus…cash registers discovered in tax raids on Santorini, Mykonos
A much-anticipated “tax safari” has apparently commenced, with Greece’s two top holiday destinations — and suspected VAT tax evasion havens — serving as “hunting grounds” for tax inspectors.
Checks on the stunning island of Santorini turned up three undeclared cash registers, meaning that receipts were bogus.
Turkey, US to sign financial information exchange deal: Minister
Turkish Finance Minister Mehmet ?im?ek said the Turkish government and the United States administration will sign a deal on July 23 which will make financial information exchanges possible between the two countries, as a part of the efforts to fight against tax evasion, as reported by Anadolu Agency.
Kosovo to Reform Taxes To Help Businesses and Poor
The Kosovo government is pushing for significant tax reform, aimed at stimulating investment, as well as lowering VAT on basic consumer goods, aimed at the helping the poor.
MPs in the assembly are due to vote on the changes on Thursday.
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Joseph Stiglitz: Germany undermining Europe
Speaking to the French News Agency, Sunday, American Nobel laureate Joseph Stiglitz blasted Germany for undermining the European vision by showing a lack of solidarity towards Greece. “You cannot run a Eurozone without a basic modicum of solidarity”, said the Columbia University Professor. He continued by pointing out that asking even more from Greece is ‘unconscionable’.
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13-page proposal by Greek govt to creditors unveiled
Greece: Prior Actions
Policy Commitments and Actions to be taken in consultation with EC/ECB/IMF staff:
- 2015 supplementary budget and 2016-19 MTFS[1]
Romanian Premier Defends VAT Cut Decision
Ponta on Saturday lashed out against the opponents of what he called "Romania's economic independence" amid criticism over a new tax code envisages a reduction in value-added tax to 19 per cent from the current 24 per cent.
"The tax code has been approved by all political parties following a wide consultation with the business environment," Ponta said in a statement.
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Turkey to put additional import tax on electronic goods: Minister
Turkish economy minister Nihat Zeybekci has said the country will put additional import taxes on electronic goods in the upcoming days.
"We'll take special measures in additional customs duties in the next month. New additional import taxes will be put on electric and electronic goods, including mobile phones and tablet computers," he said at a press meeting in Ankara July 2.
Greek pledges rest on hard-to-keep promise of tax reforms
By Karolina Tagaris
Greece's tax police squad raided a busy cafe-restaurant in an upscale central Athens district earlier this year, it discovered two cash registers and an elaborate system of issuing fake receipts -- at least 15,000 of them, over four years.
Turnover of 100 Bulgarian Companies '80% of GDP'
The 100 biggest companies in Bulgaria accounted for 80 percent of the country's economic output in 2014, statistics suggest.
Some BGN 65 B (EUR 33.2 B) were generated by the "top 100" last year, in a country whose gross domestic product is around BGN 82 B.
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Excise duty on electricity in effect as of August 1
The Serbian Parliament amendments to the Excise Tax Law introduce 7.5 percent excise duty on electricity as of August 1.
According to the government, the excise duty on electricity bills will provide an annual increase in tax revenues in the amount of RSD 17 billion, and it has been estimated that the revenue will total additional RSD 5.4 billion by the end of 2015.