ECONOMY

Greece, lenders agree on gambling tax

Greece, lenders agree on gambling tax

Greece and its international lenders have agreed on introducing a tax on wagers placed with Greek betting firm OPAP's games to raise revenues, the country's finance minister said on Tuesday.

The measure is part of prior actions Greece must legislate this week to unblock 2 billion euros in bailout funds, and about 10 billion euros to recapitalise its four-biggest banks.

Greece has said the 5 euro-cent gambling tax will help raise 300-400 million euros on an annual basis. It replaces a controversial 23 percent VAT rate on private education.

[Reuters]

Economy

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Disbursement of aid to Greece expected shortly, says EU’s Moscovici
ECONOMY

Disbursement of aid to Greece expected shortly, says EU’s Moscovici

Greek bond yields hit one-year low on deal with lenders
ECONOMY

Greek bond yields hit one-year low on deal with lenders

One in three young Greeks eager to leave
ECONOMY

One in three young Greeks eager to leave

ECB’s Nowotny: Ways being found to ease Greek debt
ECONOMY

ECB’s Nowotny: Ways being found to ease Greek debt

Too soon to judge economic impact of Paris attacks, says ECB’s Constancio
ECONOMY

Too soon to judge economic impact of Paris attacks, says ECB’s Constancio

Eurozone yields dip after Paris attacks
ECONOMY

Eurozone yields dip after Paris attacks