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Greek Prime Minister Pledges Corporate and Individual Tax Cuts Among Others

11 September 2014

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Proposed Changes

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Greece

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 reduction of the solidarity tax rate on individuals A reduction of real estate property tax, beginning with reductions for non-electrically powered real estate A 30% reduction in the...