Greek Prime Minister Pledges Corporate and Individual Tax Cuts Among Others
On 6 September 2014, the Greek Prime Minister Antonis Samaras pledged a package of tax cuts as part of a plan to stimulate economic growth in Greece. The planned tax cuts include:
- A gradual reduction of the corporate income tax rate from the current 25% to 15%
- A gradual reduction of the individual income tax rate from the current top rate of 42% to 32%
- VAT rate cuts for certain industries
- A re…