Athens wants to lower the taxes

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The new Greek government has announced tax cuts for citizens and businesses. Greece was no longer the black sheep of Europe, said Prime Minister Mitsotakis.

The Greek head of government, Kyriakos Mitsotakis wants to bring his country with privatization, state investments, tax cuts and a removal of bureaucratic obstacles to return to a growth course. “Greece turns the page,” said Mitsotakis in a televised speech to the opening of a trade fair in the Northern Greek port city of Thessaloniki (article image). “Without growth there can be no hope,” he added.

Among other things, citizens who earn up to 10,000 euros in the year to be, not as in the past, with 22 per cent, but with only nine percent of taxed, said Mitsotakis. In addition, the company is to be reduced tax from 28 to 24 percent.

The dividend tax is to be halved to five per cent. The property tax was lowered by an average of 22 percent, said Mitsotakis. In addition, pensioners are to get the end of 2020, a special payment and the charges for the self-employed fall in the medium term. The Premier hopes that the suffering will be benefited middle class and created new jobs.

“Strong credibility gain”

Mitsotakis also said that his country will achieve in the years 2019 and 2020 – how with its lenders agreed to a (primary) budget surplus of 3.5 per cent. For 2021, however, he hoped to come to a Contrary, the Surplus to two percent of the melt. Athens will put its credit rating under the evidence, for example, by modernization of the state and the reduction of bureaucracy. “Greece is no longer the black sheep of Europe,” said Mitsotakis. “With a wave of bold reforms, we will gain strong credibility.”

Demonstration against pension cuts in February in Thessaloniki

Mitsotakis and his conservative party Nea Dimokratia (ND) had 7. July, the parliamentary elections in Greece won by the left head of government Alexis Tsipras is replaced. Mitsotakis had announced in the election campaign, to take advantage of any leeway in the budget for tax cuts.

Greece had lost in 2010 because of a very high budget deficit and a collapsed economy-retaining access to the capital markets. Since then, there had to be billions in loans supported. The European partners and the International monetary Fund (IMF) demanded in return, but many of the reforms, especially in administration and business. The citizens had to accept a number of social cuts.

In the summer of 2018, the utility ended. The country is still under observation, to ensure that it complies with its budget targets. Greece is still suffering from the highest unemployment rate in the EU.

stu/nob (rtr, dpa)