The now almost “routine” result in the problematic world of Greek state finances, namely, additional taxes tacked on each year only to yield less tax revenue, was again confirmed in 2015, with state coffers taking in less than in 2014.
By Thanos Tsiros
The now almost “routine” result in the problematic world of Greek state finances, namely, additional taxes tacked on each year only to yield less tax revenue, was again confirmed in 2015, with state coffers taking in less than in 2014.
In fact, 2015 ranks as an “annus horribilis” for tax collection, given that revenues reached a 10-year low.
The Greek state in 2015 took in 1.8 billion euros less than it did in … 2006. The downward spiral has continued since then, as far as collected tax revenues are concerned.
Compared with 2010, the first year of the implementation of the (first of three) memorandums, tax revenues fell by 8.1 billion euros, or, in other words, three times the amount budgeted every year from the unpopular ENFIA property tax that still exists today.