”Streamline the VAT system and broaden the tax base to increase revenue.”Greece's parliament will have to formally approve the following measures Wednesday:
--Streamline the VAT system and broaden the tax base to increase revenue. This will likely include raising sales taxes on restaurant meals and other items to 23%. And could include raising the corporate tax rate to 28%, from 26%.
--Overhaul the pension system, which would include setting the standard retirement age at 67 and discouraging people from retiring early.
--Safeguard the independence of the nation's statistics agency
--Implement rules to meet budget targets, which could require spending cuts
CNN Money
Or maybe just get German corporations to pay their taxes.
A German company was found to be the biggest tax evader in Greece. A court in Athens found that Hochtief, the German company that was running the “Eleftherios Venizelos” Athens International airport was not paying VAT for 20 years. It is estimated that Hochtief, will have to pay more than 500 million Euros for VAT arrears. Together with other outstanding payments, like those to social security funds, it might have to pay more than 1 billion Euros.
It must be noted that under the “Troika” austerity programme Greek employees lost around 400 million Euros from cuts to their salaries.
Greek Reporter
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