-
Oct 15, 2018
-
Direct taxes make up bigger share of GDP
Despite the economy’s 25 percent contraction over the years of the economic crisis, the increase in the number of unemployed to 1 million, and the drop in pensions, state revenues from direct taxation remain at the same level in absolute figures. In fact, they are currently slightly higher than in 2010. The entire tax base has been battered by overtaxation in recent years, while the middle classes have all but vanished due to the ever increasing tax burden imposed on them by the government, particularly the current administration that has transferred the tax load onto taxpayers with annual incomes of around 25,000-30,000 euros.
|