NEWS

Local authorities want tax pardon

local-authorities-want-tax-pardon

A series of measures raising taxes on the revenue of local authorities are threatening to derail municipal budgets, according to the Central Union of Municipalities of Greece (KEDE), which plans to appeal to the government for an exemption from the increases.

KEDE’s board voted Tuesday to demand the full exemption of local authorities from a raft of increases to taxes on income and property and other levies that the government has introduced as part of pledges to the country’s creditors. Giorgos Patoulis, the head of KEDE, sent a letter to Alternate Finance Minister Tryfon Alexiadis emphasizing the problem.

“Overtaxing local authorities will result in a dramatic reduction in their income at a time that their funds are on the verge of depletion,” he wrote.