Sunday, January 13, 2013

Tax pain ahead for Greeks as parliament approves increase

Greece's parliament approved a tax increase Saturday that should add to the government's revenue, but is likely to anger citizens opposed to the country's austerity measures.

The new tax bill, passed in the early hours, is needed to help the debt-stricken country meet its commitments to international creditors, state-run ANA news agency reported Saturday.

The legislation makes it compulsory for all taxpayers to lodge an income tax declaration while raising property and corporate taxes, the news agency said.

http://edition.cnn.com/2013/01/12/world/europe/greece-crisis/index.html?hpt=hp_t3