Monday December 22, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Fuel tax cut would spark illicit trade, says sector expert

The prospect of a reduction on the special consumption tax on heating fuel, by between 15 and 20 percent, as is being examined by the government, would spark illicit trade, a sector authority has warned.

A government move, in 2012, to raise heating fuel tax to the level imposed on auto fuel helped confront illicit fuel trade, as the initiative prompted “a return to auto fuel following a reliance, in recent years, on [lower-taxed] illicitly traded heating fuel,” the official, Yiannis Aligizakis, managing director at the petroleum firm ELINOIL and vice president of SEEPE, the country’s petroleum trading association, told Kathimerini.

Aligizakis estimated illicit fuel trading activity in Greece to be worth between 450 and 500 million euros a year.

Although a heating fuel tax reduction would serve the interests of both consumers and sector firms, it would “leave the road for smugglers wide open,” he noted.

ekathimerini.com , Sunday August 31, 2014 (13:54)  
Alpha Bank Cyprus to absorb local Emporiki
Greece’s 10-year bond yield drops 13 bps to 8.30 pct
Traders stay focused on Tuesday’s vote
Spanish bond gains push yield to record low as Greek debt rises
Police collar fraudsters who conned money out of jobless
Police in Thessaloniki, northern Greece, have arrested four suspects charged with defrauding unemployed people out of a combined total of more than 30,000 euros. Among the suspects is a 42-y...
Bill aims to close down landfills, curb EU fines
Draft legislation aimed at minimizing European Union fines for noncompliance with waste management directives, which was submitted in Parliament Monday, foresees the closure of all illegal l...
Inside News
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS – The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
He’s treated like a rock star wherever he goes to lecture. His book “Capital in the 21st Century,” a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Police collar fraudsters who conned money out of jobless
2. Bill aims to close down landfills, curb EU fines
3. Alpha Bank Cyprus to absorb local Emporiki
4. Greece’s 10-year bond yield drops 13 bps to 8.30 pct
5. Traders stay focused on Tuesday’s vote
6. Inspector finds serious problems in doctors´ fund management
more news
Today
This Week
1. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
4. Greek parliament vote in balance after Samaras election offer
5. Draghi starts squaring QE circle in month of persuasion for ECB
6. Klaus Regling stresses debt sustainability through commitment to reforms
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. A friendly yet firm message from Pierre Moscovici
5. On the edge but not gutless
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.