Tax sys­tem is among least com­pet­i­tive

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

Greece ranks 29th among the 35 coun­tries in the Or­ga­ni­za­tion of Eco­nomic Co­op­er­a­tion and Devel­op­ment sur­veyed for this year’s In­ter­na­tional Tax Com­pet­i­tive­ness In­dex by the Tax Foun­da­tion, pre­sented yes­ter­day by the Lib­erty Fo­rum of Greece.

The coun­try’s low rank­ing is at­trib­uted to the huge bur­den placed by the state on lo­cal en­ter­prises through high taxes and so­cial se­cu­rity con­tri­bu­tions, as well as to an un­sta­ble tax sys­tem that con­stantly chang­ing.

In the past year, Greece has dropped in three out of the five ar­eas that are ex­am­ined by the in­dex: cor­po­rate, prop­erty and con­sump­tion tax.

“To se­cure sus­tain­able growth and cre­ate jobs we must de­ci­sively re­duce taxes on in­di­vid­u­als and cor­po­ra­tions, which would re­quire a shrink­ing of the state,” ar­gued the fo­rum’s chief re­searcher, Con­stanti­nos Sar­avakos.

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