Athens News Agency: News in English, 06-08-17

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Gov't to grant new tax relief in 2007

[01] Gov't to grant new tax relief in 2007

"The overhaul had a major, favourable impact on the rise in gross domestic product, which grew by 4.1% in the second quarter of 2006, although we are not currently considering adjusting the (annual) target of 3.8%," he noted.

Government policy was bringing returns in growth and employment while tackling losses from the rise in oil prices, the minster added.

The bill is destined for parliament in October.

Opposition objects

Later in the day, the main opposition Panhellenic Socialist Movement (PASOK) complained that the tax relief would fail to offset losses in incomes.

"Mr Alogoskoufis has underestimated the intelligence of the public if he thinks that his promise of tax relief of 150 million euros in 2007 - mainly on high incomes - can offset severe losses in the income of workers and pensioners," PASOK's shadow economy spokeswoman, Vasso Papandreou, said in a statement.

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