Tax burden to be increased due to special solidarity contribution

Τhose who will be called to pay the price are not the rich people, but those who earn 1,500 euros per month

Even though, the Greek government and the European Commission claim progress achieved during the negotiation talks between Greece and its lenders, no agreement has been reached so far, while talks will resume possibly in April 4.

The refugee was not used as a “weapon” so as lenders would make concessions regarding their demands, even though Finance Minister Euclid Tsakalotos threatened to continue negotiation talks in Idomeni, as Financial Times claims.

But, those who will be called to pay the price are not the rich people, but those who earn 1,500 euros per month (even if they have three children or more).

The new “secret weapon” of the government expected to add at least 100 million euros extra in the state revenue is tripling the special contribution for those who earn more than 12,000 euros annually.

According to a government source, the Special Solidarity Contribution is expected to become permanent, while the government proposed to lenders a scale that provides tax-free threshold at 12,000 euros and graduated tax rates:

– 2.2% (instead of 0.7% that applies today) for 12,001-20,000 euros

– 5% of 20,001-30,000 euros

– 6.5% of 30,001-40,000 euros

– 7.5% from 40,001 up to 65,000 euros

– 9% from 65,001 up to 220,000 euros

– 10% from 220,001 euros and above