2024-05-29 01:31:18
Greece is within the high ten international locations with the very best taxes in Europe, in response to a brand new European tax research carried out by the specialists of Utility Bidder. Excessive oblique taxes and the explosive mixture of earnings tax and social safety contributions put our nation on the high of Europe together with 9 different international locations.
The European Tax Report primarily lists the international locations with the very best tax income as a share of GDP, the very best tax on items and companies as a share of GDP and the earnings tax.
In line with the report, Greece has one of many highest percentages in oblique taxes, particularly VAT and excise revenues amounting to fifteen.4% of GDP, when, for instance, earnings tax revenues are nearly half or, alternatively, represent 8.1% of GDP.
After all, this low share of income to earnings, in comparison with the remainder of the European international locations, is a results of excessive tax evasion in addition to the under-taxation of low incomes. Even the primary authorities of the ND “took care” extra of low incomes, in distinction to the center class, which pays 51% of taxes and contributions, whereas in 2007, representing 48% of households, it had paid solely 37.5% of taxes and contributions.
Alternatively, the large tax evasion primarily by the professionals, who’ve however benefited lately, is a vital motive, maybe the primary one, why tax revenues are decrease. For that reason, in spite of everything, the federal government proceeded final December to undertake the presumptive methodology of calculating earnings, primarily forcing professionals to declare a minimal taxable earnings of 10,920 euros, when most of them declared a taxable earnings of 5,000 euros.
When it comes to contributions, as soon as once more our nation is a champion and is in sixth place in Europe. Nevertheless, lately the contributions have decreased, however they’re nonetheless at significantly excessive ranges, considerably elevating the employer’s prices for companies.
Oblique taxes
As talked about above, Greece has one of many highest tax revenues from oblique taxes as a consequence of the excessive charges. Based mostly on EU knowledge, solely Hungary, Croatia, Denmark and Sweden have a better VAT charge than Greece and all are non-Eurozone international locations. The truth is, within the euro zone, Greece and Finland maintain the lead with a charge of 24%.
On the subject of excise taxes, Greece additionally has one of many highest charges. Particularly, in our nation the fourth highest consumption tax is utilized to petrol and, due to this fact, we pay dearly for petrol. In line with the laws of the European Union, the minimal quantity supplied for with regard to the Excise Tax on gasoline quantities to 0.36 euros/liter. After all, few international locations have adopted the minimal VAT charge. The Netherlands holds the primary place, and particularly the tax quantities to 0.81 euros/liter, adopted by Italy with 0.73 euros/liter and Finland with 0.72 euros/liter. Our nation, as talked about above, ranks fourth, as every liter of unleaded gasoline is taxed at 0.7 euros. Quite the opposite, the bottom Excise Responsibility is imposed in Hungary, and is ready at 0.34 euros/liter. The following lowest Excise Responsibility is imposed in Bulgaria (0.36 euro/litre), adopted by Poland and Romania, with 0.37 euro/litre.
In line with the report of Utility Bidder, the whole tax revenues of our nation represent 39.4% of the GDP. Greece is within the high ten with a rating of 6.74 out of 10. The next additionally emerges from the elaboration of the report:
1. Finland tops the listing of European international locations with the very best tax rating, with 8.26 / 10. The nation scored extremely on components similar to whole tax income, taxes on items and companies.
2. France ranks second, with a tax rating of seven.50 out of 10. Though France’s tax on items and companies and earnings and earnings just isn’t extraordinarily excessive, social safety contributions and whole tax income place the nation in second place on our listing.
3. Austria ranks third, with a tax rating of seven.27 out of 10. Austria’s items and companies tax will not be the very best, however its social safety contributions and whole tax income as a share of GDP are from the very best in Europe.
The report additionally revealed:
1. Kazakhstan recorded the bottom tax rating, 0.68 out of 10, scoring low throughout all components and having the bottom tax income of GDP at simply 15.6%.
2. Denmark has the very best tax income as a share of GDP in Europe, at 47.4%.
Supply capital.gr
by Dimitris Papadopoulos