Wednesday September 24, 2014 Search
Weather | Athens
33o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
OECD report highlights steep tax burden on Greek salary workers

By Costas Karkayiannis

Greece had one of the highest tax burdens on labor income last year, ranking 11th among the 34 member states of the Organization for Economic Cooperation and Development, according to an OECD report published on Friday.

The total tax faced by the average Greek worker in 2013 amounted to 41.6 percent of the labor cost, against an OECD average of 35.9 percent.

The spread between the social security contributions that Greeks pay and that of their OECD counterparts remains huge, as the average worker in Greece must pay 34.4 percent of their labor income to their social security fund, against an OECD average of 22.5 percent. When considering what Greeks get in return, the figure seems exorbitant.

Greece has reduced the total taxation of labor by 1.35 percent of the total labor cost (i.e. salary plus social security contributions) over the last year, but compared with 2010 the total tax burden on Greek salary workers has grown by 1.5 percent of the total labor cost. This was in line with the majority of OECD member states, which reduced their tax exemptions and tax-free incomes, the annual OECD report on salaried labor taxation for 2013 showed.

The tax burden on the average single salary worker in Greece grew by 0.3 percent between 2009 and 2013 to reach 41.6 percent of the total salary cost, and by 2.5 percent from 2000 to 2013. Salary workers with two children saw their average tax burden rise by 2.9 percent from 2009 to 2013, against an OECD average rise of 1.4 percentage points.

One fact that suggests Greece might want to rethink its tax policy is that salary workers with two children pay 44.5 percent of their income in taxes the highest rate among the OECD member states.

ekathimerini.com , Friday April 11, 2014 (21:49)  
Task Force highlights the problems SMEs face
Concern over 329-mln-euro shortfall in state revenues
Rise in tourism arrivals dwarfs gains of regional rivals
OPAP set to be first past the post in race for betting permit
SYRIZA-affiliated Attica governor blocks employee evaluation
Newly installed Attica Governor Rena Dourou is on a collision course with the government after she won a vote on Tuesday calling for the regional authority not to cooperate with the evaluati...
DNA link to three suspects sought for Distomo raid
The fingerprints and DNA of three suspects being sought in connection with an audacious bank robbery in Distomo, in the prefecture of Viotia, in August have been found in an apartment in Nea...
Inside News
TRACK & FIELD
Inside the minds of four Spartathletes
Think you could run 246 kilometers on just figs, olives and dried meat? Well, Greek-American ultra-marathoner Dean Karnazes will attempt to do just that in this weekends Spartathlon race fr...
SOCCER
Santos appointed Portugal manager
Fernando Santos, who led Greece to the last 16 of the World Cup in Brazil, has been appointed Portugal's new head coach, the FPF announced on Tuesday. "Fernando Santos, 59, is the new nation...
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
Europes choice
Tuesdays meeting between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel in Berlin is of crucial importance. Its hard to deny that Greece has come a long way. The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Task Force highlights the problems SMEs face
2. Concern over 329-mln-euro shortfall in state revenues
3. Rise in tourism arrivals dwarfs gains of regional rivals
4. OPAP set to be first past the post in race for betting permit
5. Govt moves unilaterally on tax easing
6. SYRIZA-affiliated Attica governor blocks employee evaluation
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. Greek yields hit one-month high as Samaras looks to exit bailout
4. German bond gains push 10-Year yield below 1% on stimulus bets
5. Construction material costs for new residential buildings decrease
6. Supreme Court postpones decision on Finance Ministry cleaning staff
Today
This Week
1. Greece can meet its needs on its own
2. Greece at bottom of social justice scale among EU28
3. Record sum of new debts to the state in August
4. Alexander the Great's tomb not at Amphipolis, says Culture Minister
5. Lessons not learned
6. Loud patriotism
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.