Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (354815)	3/21/2010 9:25:53 PM
From: KLP	3 Recommendations Read Replies (1) of 793868

Anyone think this Could NOT happen here? Greece targets church in massive tax grab • From correspondents in Athens • From: AFP • March 20, 2010 12:18PM GREECE is cracking down on major cash transactions and will impose a high levy on the influential Orthodox church in a scramble to boost tax revenue in the face of a debt crisis. A new draft bill to be tabled in parliament next week imposes a 20 per cent tax on the Orthodox church's real estate income, reportedly worth over 10 million euros ($14.8 million) a year. It also outlaws all business transactions of more than 1500 euros ($2220) conducted in cash, prescribing instead the use of credit cards and urging consumers to collect receipts in an effort to stamp out tax evasion that costs the state an estimated 10 billion euros ($14.8 billion) a year. "The goal of our tax policy is a simple and fair system with uniform rules and without unjustified exceptions," the finance ministry said in its report to parliament. "Our immediate priority is to deal with tax evasion, which is possibly the worst form of injustice in our tax system that hampers the operation of the state," the ministry said. The bill spells an end to special tax regimes enjoyed by several professional classes, including taxi and truck drivers, civil engineers, camping operators, doctors and athletes. It also introduces income checks for owners of yachts, private planes and jets, swimming pools and other luxury items. The Socialist government is trying to plug leaks in its budget - which last year ended up short by more than 30 billion euros ($44.37 billion) - and bring an end to decades of fiscal waste that has produced nearly 300 billion euros ($443.7 billion) in state debt. theaustralian.com.au

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next