The Greek finance minister, Yannis Stournaras said Friday, Jan. 4 that Greece will vote by the end of next week a bill to toughen the regime tax on such employees and professionals.
This law, ahead of a major tax reform planned by the government in April, aims to replenish the coffers of the state in order to reach 2.5 billion euros in 2013, a commitment of Greece vis- -vis its creditors, the European Union and International Monetary Fund. The government, which is struggling to fight against tax evasion is widespread in the country, put on increasing revenue through increased taxation of professionals, champions of tax evasion, and employees with annual revenue more than EUR 21 000.
According to the press, which published excerpts of the bill in December, the new tax “will strangle the middle class”, already hard hit by the rigor imposed for three years and have led to a significant reduction in wages and pensions.
NEW DISCIPLINE PLAN FOR 2013
Mr. Stournaras noted that the passage of this law is a prerequisite for the payment of future tranches of loans to Greece by its creditors. “The payment of the next tranche of the loan in the country will be decided at the meeting of the Eurogroup [of finance ministers of the euro zone],” he said. The euro area has resumed in December loan disbursements in the country, after it adopted a new austerity plan for 2013.
Greece was able to receive 34 billion euros from the euro zone on the 49 billion expected, while the IMF is expected to decide in January for payment of its share, which amounted to nearly $ 3 billion. According to the schedule, Greece awaits a tranche of ? 9.2 billion in January and two tranches of $ 2.8 billion each in February and March. The Agency Debt Management announced Friday that Treasury 1.25 billion euros in six months and 750 million euros in a month will be issued on Tuesday, a regular procedure of borrowing short-term to meet the ordinary needs of the country.