The Straits Times
Published on Dec 14, 2012

Greece seeks 2.5 billion euros in new tax revenues


ATHENS (REUTERS) - Greece has formally unveiled a bill to boost tax revenues under the terms of its international bailout, part of a two-pronged attack to get its citizens and firms to pay their way.

The planned measures are estimated to increase tax revenues by about 2.5 billion euros (S$3.9 billion) in 2013-2014, the finance ministry said.

A second bill to be introduced later will to reform a tax administration widely seen as corrupt and ineffective in combating rampant tax evasion.

The first bill, introduced, late on Thursday, scraps many tax exemptions and raises tax rates on property, companies and households with above-average income.