Taxation in France
Albania's Private TV Channels Demand Share of Tax Cash
The main private television stations in Albania proposed a law that would see them sharing in several million euros of television-set taxes which currently go to the public broadcaster.
Supplementary property tax threshold likely to be raised
The adjustment of the property prices used for tax purposes (known as "objective values") and the creditors' strong opposition to government plans to shift the tax burden from owners of small properties to those with large properties is opening the door to a reduction of the burden on those with assets worth over 200,000 euros.
Huge primary budget surplus in Jan-April
The collection of taxes from previous years, fund inflows from the European Union and non-tax revenues boosted the takings of the state budget in the first four months of the year, according to data released on Thursday by the State General Accounting Office.
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Spike in waivers of inheritance
The exhaustion of Greeks' taxpaying capacity and the difficulties in meeting day-to-day expenses are leading to more and more citizens waiving inheritances, especially when they concern real estate assets.
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Last year's additional taxes failed to pay off
Last year the government implemented additional tax measures of 2 billion euros in compliance with the third bailout program. Nevertheless tax revenues grew by just 45 million euros in 2017 compared to 2016, according to official figures.
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Social security contributions to add to load for freelancers
Changes in the way social security contributions are paid as of next year will increase the burden on freelance professionals.
In 2018 freelancers are set to see their incomes shrink further, as 46 percent will have to go toward the payment of contributions and taxes.
2018 budget projects a 3.82% primary surplus
The new budget submitted in parliament on Tuesday projects growth of 1.6% this year and 2.5% in 2018, while unemployment is expected to drop from 19.9% this year to 18.4% next year, while there will be 2.1 billion euros in government spending cuts.
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Tax evasion burns a hole in state budget
Instead of raising state revenues, as was intended, the increased demands on self-employed professionals in terms of taxes and social security contributions have resulted in increased tax evasion, confirming the Finance Ministry's worst fears.
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July budget targets missed as taxpayers fail to pay first installment
Finance Ministry data released on Thursday confirm there is a black hole in state revenues for the month of July, mainly due to a large number of people not having paid the first installment of their additional income tax.
Net revenues for July amounted to 4.931 billion euros - 756 million below the target set in the medium-term program for 2018-21.
Indirect tax takings compromise Q1 revenues
First-quarter budget data are generating concern as state revenues continued to show strong signs of fatigue, particularly the course of indirect tax takings.
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