Saturday November 22, 2014 Search
Weather | Athens
18o C
10o 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 countrys 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)  
More cash for banks with same papers
Growth to fuel rise in revenues
Commercial property draws interest from investors
Sony chooses Piraeus as its entry point to Europe
Image of artwork showing humans in blender taken out of schoolbooks
A photograph of a controversial work by a Japanese artist showing people in a blender will be removed from a primary school physics textbook, the Education Ministry said on Friday. The paint...
Simitis supports Venizelos over new movement
Former Prime Minister Costas Simitis on Friday backed PASOK leader Evangelos Venizeloss proposal to create a new center-left party with the Socialists at its heart. The two men met a day af...
Inside News
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
BASKETBALL
Big win for Greens, tight one for Reds
Panathinaikos scored a crucial as well as emphatic away win at Turow on Thursday that should see it qualify from its tough group to the top 16 of the Euroleague, while Olympiakos saw off vis...
Inside Sports
COMMENTARY
Give Greece a chance
Greece's creditors are testing the country's endurance - again. If they keep pressing, they could split the euro area apart, which would be a disaster for them as much as for Greece. They ne...
COMMENTARY
Who lost Greece?
If, by unhappy chance, Greeces efforts to create a more efficient economy and more just society should fail, if it turns out that all our sacrifices were in vain, who will be to blame? The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Image of artwork showing humans in blender taken out of schoolbooks
2. More cash for banks with same papers
3. Simitis supports Venizelos over new movement
4. Growth to fuel rise in revenues
5. Commercial property draws interest from investors
6. Sony chooses Piraeus as its entry point to Europe
more news
Today
This Week
1. Give Greece a chance
2. Coscos Greek unit adds multinational rail-freight client
3. No breakthrough after marathon conference call
4. Israel backs East Med pipeline project
5. Education Ministry mulls over introducing Albanian language classes
6. Greece says EU/IMF lenders disagree with 2015 budget deficit estimate
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Greece and Poland switch roles as young Greeks head to vibrant Eastern European country for better prospects
3. Constructively disrupting the Greek start-up ecosystem: What will the impact be?
4. Anti-junta uprising anniversary to be marked amid tight security
5. Biden heads to Istanbul amid tension over Cyprus EEZ violation
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.