Arab Today, arab today greeks fume over property tax demanded by eu
Last Updated : GMT 11:34:39
Arab Today, arab today
Arab Today, arab today

Greeks fume over property tax demanded by EU

Arab Today, arab today

Arab Today, arab today Greeks fume over property tax demanded by EU

Athens - AFP

Greeks were fuming on Thursday at a surprise property tax that could leave out Church holdings while the country is being urged to make \"costly\" sacrifices to secure EU-IMF rescue loans. The finance ministry, under pressure from its international creditors to plug a budget hole of more than 2.0 billion euros ($2.7 billion), on Wednesday further increased the tax which had already caused outrage when announced at the weekend. \"This is not the worst of our nightmares as (our members) have long lost their sleep,\" the homeowners\' union Pomida said in a statement. \"Even unemployed owners, many of whom owe their homes to banks, get no full reprieve,\" it said. Instead of a maximum of 10 euros per square metre, the limit was placed at 16 euros and electricity will be cut off for owners who refuse to pay. \"I was rubbing my eyes in disbelief,\" tax accountant Vangelis Abeliotis told Flash Radio, noting that households will have to pay 1,000 euros on average on top of existing wage cuts and price rises under a tough austerity programme last year. \"There is no way a family with a child that is studying or is unemployed can cover this cost, many will not hesitate to just cut power in secondary homes,\" Abeliotis said. The uproar was reflected in Thursday\'s newspapers, with leftist Eleftherotypia speaking of a \"great grab\" on property. Pro-government Ethnos spoke of a \"very costly lifeline\" from Greece\'s main paymasters France and Germany, noting that the latest measures are a condition for the smooth disbursement of bankruptcy-saving loans to Athens. The leaders of Europe\'s two biggest economies were on Wednesday again given assurances by the Greek prime minister that he would stand by all the harsh austerity measures adopted to clinch the bailout. The finance ministry said the tax would not apply to state offices, embassies, religious buildings, monasteries, non-profit organisations, charities and amateur sports clubs. At the news that numerous Church holdings were being exempted from the latest tax, senior officials were bombarded with calls from irate ruling party lawmakers, Ta Nea daily said. \"It is a disgrace to leave out thousands of church buildings,\" deputy Soula Merentiti told the daily. \"There\'s no way this is passing parliament.\" The homeowners\' union added sarcastically: \"At least our final resting home will be tax-free.\" The Church of Greece commands significant political influence in a country where about 90 percent of the population are baptised into the Orthodox faith, using its power in the past to hold off state efforts to increase taxes on its considerable wealth. The country\'s leading cleric Archbishop Ieronymos on Thursday insisted that the Church of Greece \"had never raised the issue of exemption from the emergency tax with respect to commercially-exploited property.\" A prominent northern Greek monastery, Vatopedi, with millions of euros in investments was at the heart of a property scandal that helped bring down the previous conservative government in 2009. The finance ministry said this week that Greeks have 400 billion euros ($548 billion) invested in property, roughly the size of the nation\'s sovereign debt which is more than 350 billion euros. Officials have also noted that regular property tax in Greece is open to avoidance as nominal land values, on which the tax is calculated, are about only a half of market values. \"The total commercial value is one trillion euros according to Bank of Greece estimates,\" the ministry said. \"This tax is 0.2 percent of the real value, a completely tolerable burden,\" it noted. The tax is to be collected through electricity bills in a bid to also tap properties held by foreign-based owners or offshore companies. But the powerful union of the dominant state operator PPC has threatened to oppose the measure. France said on Thursday that it was sending tax and customs experts to Greece to help the country build a tax system \"worthy of the name\".  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greeks fume over property tax demanded by eu Arab Today, arab today greeks fume over property tax demanded by eu

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday