Greece announces new taxes. How will it be received?

In an effort to compensate for an economic slowdown, Greece announced a 10 percent tax of capital gains and dividends that will take effect January 1, 2009.  Greece is trying to meet its 1.6 percent public deficit this year.

Included in the measure will be higher taxes on the self employed and vehicle license plates.

Inflation is at a 10 year high and many Greeks have not able to pay their debts due to the rising interest rates.

Overall Rating: Please log in to rate this post and comment. Tags : greek news, greece news, greece economy, greece inflation, greece taxes posted by Steve Livo on Thursday, August 28 2008 |