Wednesday, February 18, 2015

Greece wants to erase part of the debt … its taxpayers – The Tribune.fr

Greece wants to erase part of the debt … its taxpayers – The Tribune.fr

To relieve its taxpayers, who accumulate billions of unpaid taxes, and simultaneously replenish the coffers of the State, Greece is planning to follow the example of Croatia. As did the Croatian government in early February, the government of Greek left wants to erase part of the debt of its taxpayers in exchange for the payment of part of the arrears, announced Wednesday, February 18 the Ministry of Finance.

The project, presented by the Deputy Minister for Finance Nadia Valavani is particular to erase up to half of outstanding individuals and companies that agree to immediately pay the sum of 200 euros.

€ 76 billion in back taxes

The accumulated tax arrears of Greek taxpayers is $ 76 billion … and rising every month, because of the economic difficulties of households, constituting a headache for successive ministers seeking a way to resolve the situation.

The minister, however, that the state could not rely recover more than € 9 billion, or 11.6% of all of that, because of business failures include or taxpayers he lost track.

Nadia recalled that Valavani left government Syriza, which came to power in January end, needed to increase state revenues to help the most vulnerable.

“No recipe we can not implement our social policy. We will help people by allowing them to pay at least 20 euros per month. The result can only be positive, “she said.

2 billion euros of emergency social measures

The program of the left provides a first package of emergency social measures amounting to about 2 billion euros in favor of the most affected by the crisis households. These measures are seen with skepticism by creditors (EU, ECB, IMF) of Greece who fear it derail the fragile state budget.

Greece is also handicapped by a public debt of some 320 billion euros (about 175% of GDP) which it seeks relief to its donors, who are resisting. This is one of the stumbling blocks currently difficult discussions between Greece and the euro area.

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