Following the rejection of the {News-2015-06-24/P/2- tax reforms proposed by Greece on 22 June 2015} in order to extend its bailout, the Greek government has decided to hold a public referendum on whether or not to accept the counter proposal made by the European Commission. Key measures of the proposed package include: Increasing the corporate tax rate from 26% to 28%; Requiring 100% advance payment of corporate income and individual business income tax by the end of 2016; Increasing the VAT rate on restaurants to 23%; Repealing the reduced VAT rate that applies for certain islands; and Phasing out tax...