TIME FOR CHANGE
“The time has come for major changes, the country can’t afford to wait any longer”
TAXATION
“From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards”
“With the new tax scale, there is a shift of the burden from low and middle income to high incomes.
“There’s tax relief for incomes up to 40,000 (euros)”
“Taxable income based on the new scales will include capital gains from the short-term trading of stocks”
REFORMS
“The income policy frame and the tax reform are part of the government’s wider effort to clean up fiscal finances … and open new roads for growth. We all know the difficult situation the country is in, we all know the government has submitted to the European Commission a stability and growth plan.
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