Half of Greeks Unable to Meet their Tax Obligations



Greek TaxAccording to a recent “Economic Barometer” report, 55% of Greeks are unable to meet their tax and social insurance obligations.

“It is obvious that Greek society has reached its limits, as more than 50% of citizens are unable to meet their obligations to the tax agency and social insurance funds, while the vast majority of citizens doubted the possible benefits from a package of measures announced by the government with the aim to lighten households’ spending and at the same time they question the effectiveness of the economic program announced by the main opposition political party. However, more and more citizens seem to hope over an improvement in their household finances and in the economy in general,” noted Constantinos Mihalos, president of the Athens Chamber of Commerce and Industry.

Presenting the results of 2014’s second “Economic Barometer” report, using a sample-size of 1,000 Greek tax payers, Mihalos said that just 29% of citizens believed that their spending will be reduced following a package of measures announced by the current coalition government. Meanwhile, 26% of respondents said the economic program presented by SYRIZA is feasible.

An astounding 55% of respondents said they were unable to meet their tax and social insurance obligations. 22% of respondents said they were optimistic about economic developments in the country, however, up 4% from a previous report this year.