Tuesday September 23, 2014 Search
Weather | Athens
33o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Taxpayers run up more unpaid dues

 Official figures show that within 15 months debtors have added another 13 bln to their expired obligations

By Prokopis Hatzinikolaou

Taxpayers and corporations have amassed unpaid taxes of 13 billion euros in the 15 months from January 2013 to end-March 2014, as data published on Friday by the General Secretariat for Public Revenues showed that some 2.45 million citizens and companies have debts to the state.

The figures reveal that nearly one in two taxpayers is unable to meet their tax obligations and that the burden imposed on them is far above the revenues target set. Given that the collection rate of taxes averages at 80 percent, in order to collect 51.4 billion euros last year the government imposed taxes of 64 billion euros.

The quarterly report of Parliament’s budget office stressed on Friday that “the excessive taxation of citizens’ property increases the incentive for tax evasion and leads many taxpayers to creating new expired debts to the state due to the inability to pay.”

Taxpayers have also turned their backs on the payment plans proposed by the Finance Ministry, the general secretariat’s data reveal. This is believed to be because the amount of the monthly installments is so high that taxpayers are dissuaded from taking the plans up. The ministry has reportedly acknowledged the problem and has discussed it with the representatives of Greece’s creditors, but they opposed any changes arguing that this would be unfair to those who have already agreed to a payment plan.

The budget office’s report also noted the need for a downward revision of the high primary surplus targets, saying that “even Norway could not achieve such high rates.”

Its report notes that “a comparative analysis with a relevant study by the International Monetary Fund shows that there is a general issue with the sustainability of primary surpluses.”

This point meets has been reiterated Finance Ministry, which estimates that reaching a primary surplus of 3 percent of gross domestic product next year is feasible, but climbing to 4.5 percent and staying at that level appears unlikely. The government had brought the issue up in talks with its creditors last year and intends to do so again given that the issue has been frozen.

ekathimerini.com , Friday May 2, 2014 (20:03)  
Programs target return of 21,000 jobless to work
Employment in commerce keeps sliding
Eurobank capital increase sends FDI soaring
Banks may get 3-billion-euro safety cushion
Venizelos meets American Jewish officials in New York
Deputy Prime Minister and Foreign Minister Evangelos Venizelos met with representatives of American Jewish organizations in New York on Monday, the Foreign Ministery announced on Tuesday. Me...
Trolley bus, metro services to be disrupted Tuesday, Wednesday
Trolley bus and metro services in the capital will be disrupted on Tuesday and Wednesday as public transport employees take part in their unions’ general assemblies. Trolley buses in Athens ...
Inside News
SOCCER
PAOK joins Olympiakos on top after win at Agrinio
Olympiakos spent just two nights alone on top of the Super League, as on Monday evening PAOK joined the champions on 10 points through its 1-0 victory at Panetolikos. The Thessaloniki giant ...
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
Inside Sports
COMMENTARY
A painful curse
It was a curse and a painful one at that. It was a brutal act that brings shame on the person who committed it, on the party which he represents, on the Parliament, on Greece and on everythi...
EDITORIAL
Europe’s choice
Tuesday’s meeting between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel in Berlin is of crucial importance. It’s hard to deny that Greece has come a long way. The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Venizelos meets American Jewish officials in New York
2. Trolley bus, metro services to be disrupted Tuesday, Wednesday
3. Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
4. Defendants handed prison terms over Antipnoia stabbings
5. Samaras to meet Merkel in Berlin for pivotal talks
6. Commission report highlights Erasmus student exchange benefits
more news
Today
This Week
1. Trolley bus, metro services to be disrupted Tuesday, Wednesday
2. Venizelos meets American Jewish officials in New York
3. Alexander the Great's tomb not at Amphipolis, says Culture Minister
4. Venizelos denies jihadis are being trained in Greece
5. Euro touches 14-month low before Draghi testimony
6. Civil servants' union calls new strike over evaluation
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. ‘Greece can meet its needs on its own’
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.