Revolt prompts tax retreat


by Dimitris Yannopoulos 18 Jun 2011

A VERITABLE revolt by ruling party MPs and opposition pressure prompted Finance Minister Yiorgos Papakonstantinou on June 15 to revise a “poll tax” on virtually all salaries and pensions branded as “solidarity contribution” for the country’s growing number of unemployed.

The new tax was part of the government’s midterm plan for sweeping deficit-cutting measures worth 6.5 billion euros of additional savings this year and a total of another 22 billion euros in cutbacks for the 2012-2015 period, in accordance with Greece’s obligations agreed with the troika of EU-IMF-ECB creditors earlier this month.

The plan also calls for the privatisation of state assets and sale of public property to raise additional revenues of 50 billion euros. Συνέχεια