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Posted on: December 5th, 2012 by Julie jalloul No Comments

Greek PM: “I stand by the middle class”; FinMin to meet PM to tackle new tax law

samaras troika

photo: PM flickr

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Prime Minister Antonis Samaras had successive meetings yesterday with the Finance ministry team and other ministers in an attempt to tackle the complex issue of the new tax law.

Coalition government partners, PASOK and Democratic Left have expressed concerns about some aspects of the bill.

Samaras yesterday evening presented government’s goals as regards the new tax legislation in a speech at the annual conference of the Hellenic American Chamber of Commerce.

According to the Premier, these goals are lower tax rates, a more simple taxation system, broad use of new technologies and cracking down tax evasion.

Samaras dismissed news reports of a 45% taxation on incomes exceeding EUR 26,000. “This is against my principles, I stand by the middle class,” Samaras noted. According to AMNA, he said that the new taxation system would be relieving to earners of up to EUR 25,000, while the government intents to introduce a special benefit for families even with one child, but based on strict income criteria so as to support only those in real need. Lower tax rates would have to be achieved gradually, the premier said.

Samaras is expected to go over the latest tax proposals with Stournaras on Wednesday, who returned on Tuesday from Brussels, where he had attended a summit of eurozone finance ministers. The draft is believed to include increases in income tax for the middle class but tax breaks for families with children, according to Kathimerini.

In a related development, an Athens court deemed a special property tax collected through electricity bills as “unconstitutional” and “anti-social”. The ruling can be appealed but until it is, the Public Power Corporation will be unable to cut the electricity supply of those who do not pay their bills.

 

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