ECONOMY

GSEVEE slams tax plan

The General Confederation of Greek Small Businesses and Traders (GSEVEE) yesterday slammed the government’s plan, announced on Thursday, to give the option of an irrevocable tax settlement to some 800,000 small businesses and self-employed professionals for the 1998-2001 period, using «blanket» criteria. GSEVEE noted that the plan, a repetition of similar measures by previous governments and which is hoped will raise about 1.6 million euros in revenue, is contrary to the present government’s promise of fair tax treatment, promotes corruption and undermines confidence in the tax authorities. Furthermore, GSEVEE argued that the measure, applying to enterprises with a turnover of up to 8.8 million euros, discriminates in favor of larger ones. It also said the ceiling for tax payments of 1,000 euros will cause financial exhaustion to the already over-taxed small firms with narrow profit margins.