US EditionGreece Targets Demographic Crisis with Band-Aid Tax Relief
5 Articles
5 Articles
Greece targets demographic crisis with band-aid tax relief
Greece has announced a sweeping €1.6 billion tax reform aimed at tackling what Prime Minister Kyriakos Mitsotakis calls one of the country’s greatest threats, the demographic crisis. But will these be effective or are they just a distraction?
Greek Prime Minister Kyriakos Mitsotakis announced a radical reform of EUR 1.6 billion (1.9 billion) of the income tax system, aimed at stimulating the middle class of the nation, which has declined to return after years of crisis.
Faced with a declining population and a fertility rate among the lowest in Europe, Greece relies on targeted tax cuts to support families, young people and the middle class, in the hope of reviving the birth rate and revitalizing its villages and small islands.
Greece has announced drastic measures, including tax cuts and other financial incentives, to combat the demographic decline that will transform it into the oldest nation in Europe.
The reform includes a reduction of two points in all levels of income tax and zero reduction for families with four children and low incomes, measures that will be applied from 2026, inform the Greek press. According to Mitsotakis, it is the most ambitious tax reform implemented in the country in the last half of the century. Among other measures planned are deductions for residents in rural areas and funds for populations with less than 1,500 i…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
