MEXICO CITY, Mexico, in June. 22,2015.-The new proposal by Greece to its European partners envisages revenues totaling 8,000 million euros between now and 2016, as reflected in the table accompanying measures, filtered by the Hellenes local media.
With the reform of value added tax (VAT), which, according to media, provides some concessions to partners such as raising the tax burden to the hotels, the government hopes to raise Alexis Tsipras 680 million in 2015 and 1,300 million in 2016.
According to local press, the Greek government proposed by the new plan would maintain three types of VAT, 6%, 13% and 23%, unlike the two who defend the institutions that must be negotiated.
This time Athens would be willing to change the taxation of certain products or for hotels to increase tax revenues, as requested by the institutions (European Commission ( EC), European Central Bank (ECB) and International Monetary Fund (IMF).
In this regard, the minimum rate of 6% (now set at 6.5%) would only medicines, books and theater, whereas, currently at 6.5%, the hotels would to price yourself with 13 percent.
The 13% would continue to apply to food and energy products and the remainder is taxed with 23 percent.
According to government sources cited by the Greek media, the proposal also entails the abolition of VAT reduced on islands, an initiative partner of the coalition government, Independent Greeks, has rejected full, threatening even to his departure from the Executive.
In addition, the plan provides for gradually restricting the early retirement measure which expects to save 60 million euros in 2015 and 300 million in 2016.
In addition, it provides for increased pension contributions by 3.9%, which would yield additional revenues of 350 million in 2015 and 800 million in 2016.
also increase pension contributions complementary 3% today to 3.5%, which would generate revenues of 120 million in 2015 and 250 million in 2016.
To this, the increase retiree contributions to health insurance adds the current 4% to 5% for regular pensions, and the current 0% to 5% on supplementary pensions.
With this, the government hopes to raise in the case of the main pension 135 000 000 in 2015 and 270 million in 2016; in the case of complementary, not revenue expected this year, but 240 million next year.
In Greece two systems coexist in pensions, and besides the state retirement (regular), there additional insurance (supplementary) which encompasses the various professions and, in general, is also funded by contributions from employees, employers and the state.
Another point of the proposal is the creation of a tax Special 12% for all corporate profits in excess of half a million euros annually, which would raise 945 million euros in 2015 and 405 million in 2016.
The rise of corporate tax from next year by three percentage points to 29% would raise revenues by 410 million euros in 2016.
The government also plans to increase the solidarity tax, created after the signing of the first rescue in 2010, which would raise tax revenues at 220 million in 2015 and 250 million in 2016.
On the other hand, the Executive is committed to reducing defense spending by 200 million euros in 2016.
Another measure provides for introducing a tax on television advertising, which would enter, according to government estimates, 100 million euros this year and again in 2016.
Finally, increased luxury tax and property of private yachts would yield 47 million this year and the same amount in 2016.
LLC
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