According to the annual report published by the Tax Foundation’s Center of Global Tax Policy, Greece ranks 27th overall out of 38 OECD countries on the 2024 International Tax Competitiveness Index.
The country remained in the same spot from last year’s list and is sandwiched between Belgium (26th) and Denmark (28th). For the 11th year in a row, Estonia ranked 1st on the Index.
According to the report, Greece ranked 17th on the Corporate Tax Ranking, 9th on the Individual Tax ranking, 34th on the Consumption Taxes Ranking 27th on the Property Taxes Ranking and 21st on the Cross-Border Tax Rules Ranking.
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Greek Finance Minister Wraps Up Trip to Washington D.C.
The Greek delegation included Council of Economic Experts president Michael G. Arghyrou and Public Debt Management Agency Director General Dimitris Tsakonas
ELSTAT: Construction Material Prices Remain High in Greece
According to recent data from the Hellenic Statistical Authority (ELSTAT), the General Index of Construction Material Prices for New Residential Buildings rose by 5.5%
Greek Finance Minister: “Greece was living beyond its means”
Finance Minister Kostis Hatzidakis told Reuters Greece needs to focus on fiscal prudence, and that the country had to learn from past mistakes
Greek Economy Faces Pressing Challenges Amid Global Uncertainty
Major issues that are expected to intensify if not addressed, include the high current account deficit, the substantial investment gap, low productivity, and the question of long-term growth
Greece Expands Investigation into Profit Margin Cap Violations
The investigation into potential violations of Greece's profit margin cap now includes 26 major food and non-food companies as well as 9 supermarket chains
Inflation Drains Minimum Wage Gains in Greece, Prompting New Reform Plan
Calculations show that the real wage as of September 2024 is 693 euros, meaning the actual minimum wage has yet to reach 700 euros
Luxury Holiday Homes in Greece Surge in Demand
Trends regarding holiday homes in Greece, in recent years, are primarily driven by the significant demand of affluent clients who seek to buy more comfortable family homes
Majority of Greeks Over 50 Face Retirement Without Pensions
Most Greeks aged 50-74 do not receive any old age pension
SEV President to Call for Major Industry Investments and Clear Reforms
SEV’s president is also expected to emphasize the need for clear, streamlined licensing processes and structural issues that hinder the industry
US Government Says North Korea Sent Troops to Russia
North Korea has sent 3,000 troops to Russia for possible deployment in Ukraine, according to to US government official