Calamos Supports Greece

luxury tax

Not a Single Luxury Car was Sold in Greece in 2015

Not a single car over 300,000 euros was sold in crisis-stricken Greece in 2015 says a News Auto report. A few years ago, there were several cars costing 400,000 euros or more sold by car dealerships in Greece. Luxury car...

Greek Govt Expects to Collect €1.1 Billion in Road Taxes by End 2015

The Greek government expects to collect 1.1 billion in road taxes by the end of 2015, according to a finance ministry official. The bailout agreement stipulates that Athens must collect 72 million euros via vehicle inspection centers and about 150...

Greeks Have to Pay €24.7 Billion in Taxes Until February 2016

Greek individuals and businesses will be obligated to pay 24.7 billion euros in taxes until February 2016, 12.4 billion of which are due immediately after the September 20 elections. Taxpayers will be called to pay billions in accumulated taxes due to poor management of...

Greek Gov't to Table Legislation on Prior Actions in Parliament

The Greek government will table to Parliament later on Tuesday a draft legislation including all prior action measures envisaged by an agreement reached between Greek authorities and its creditors. The draft legislation will focus on a package of tax measures,...

Greek Gov't to Propose Tax Hikes, High Pension Cuts to Lenders

The Greek government is ready to propose tax hikes and high pension cuts to lenders as part of reforms in order to unlock liquidity for the Greek economy. Also, labor market legislation is put on the negotiation table. So far...

German Press: Gov't Considers Special Levy to Greece's 500 Richest Families

The Greek government is considering imposing a special levy on the country's 500 richest families as part of the measures proposed in order to unlock financial aid, said German newspaper Bild on Wednesday. The paper cites as source the list...

Greece Has Most Expensive Road and Fuel Taxes in Eurozone

According to a study by the European Commission, Greece is among the countries of the euro zone with the most expensive circulation and fuel taxes. More specifically, Netherlands is placed first followed by Greece which came second. The study showed that in Greece, in...

Bulgarian Number Plates Scam Revealed

A few weeks ago the UK's Guardian newspaper commented on the emigration of many Greek companies to neighboring Bulgaria due to the crisis. However, it appears that most of these companies were set up just to enable their owners to buy...