Nikolaos Theodorou, Attorney-at-Law, comments on the recent Greek draft tax bill intending to boost growth in the economy by providing targeted tax reliefs for businesses and individuals.

The title of the bill sounds quite promising: a “Tax reform with a growth dimension for Greece of tomorrow.” In fact, the new legislative initiative of the Greek government aims at further improving the country’s economic climate by providing working individuals and, above all, businesses, with what they have consistently been asking for—lower taxes. If this would be sufficient to boost growth in a gradually recovering Greek economy, this is the time to find out.

Bundle of Tax Reliefs for Businesses and Individuals

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https://news.bloombergtax.com/daily-tax-report-international/insight-the-new-greek-tax-bill-pragmatic-pro-growth-reform

After the financial crisis, is there now a more positive outlook for the Greek economy? Nikolaos Theodorou, Attorney-at-Law, comments on the recent developments in tax and investment law introduced by the new Greek government and intended to boost the economy by facilitating foreign direct investment.

Through the past decade, Greece has undergone a deep economic crisis, resulting in significant budget cuts, a sharp decrease in its gross domestic product (GDP), high unemployment rates and limited foreign investment. Through structural reform programs instigated by the International Monetary Fund (IMF) and the EU, the country has profoundly reviewed the fundamental parameters of its economic policy, labor regulation and tax legislation.

Read the whole article here:

https://news.bloombergtax.com/daily-tax-report-international/insight-greece-on-the-road-to-recovery