Greek tax residency query

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footscapes
Posts: 402
Joined: Fri May 18, 2007 8:37 am
Location: Crete no longer!

Postby footscapes » Sat Aug 25, 2012 5:18 am

From today's Ekathimerini, a potential new tax master plan.

Our accountant said when the need for receipt collection first commenced "those b*stards only make us do it to keep us busy so we can't see how much they're stealing".

Maybe they need a new cunning and more complex plan because they're planning to steal even more?

Paul

john4d
Posts: 498
Joined: Fri Dec 21, 2007 5:13 pm
Location: Near Vamos

Postby john4d » Sat Aug 25, 2012 11:11 am

Isn't the new systems doom spelt out in the last sentence of the article?
There's no such thing as a bad taste joke

filippos
Posts: 5833
Joined: Mon Feb 05, 2007 7:38 pm
Location: Kalyves
Contact:

Postby filippos » Sat Aug 25, 2012 11:18 am

From the article: "First, an increase in taxes from incomes declared by businesses and the self-employed that today conceal a large part of their incomes. It is reasonable to believe that all consumers will insist on receiving receipts for all purchases and services rendered." (My bold.)

What am I missing? How will this prevent a doctor/dentist/uncle Tom Cobley saying, "My fee is €xxx but if you don't need a receipt it will be €xxx minus 40%"? If the discount is greater than the tax saved .......

footscapes
Posts: 402
Joined: Fri May 18, 2007 8:37 am
Location: Crete no longer!

Postby footscapes » Sat Aug 25, 2012 11:52 am

It is flawed (fatally) on so many fronts that it should never see the light of day. (Although that's not stopped them previously).

Only Greece could come up with a plan that imposes a substantial tax disadvantage on someone who elects to save a good chunk of their earnings rather than spend every last cent.

Madness beyond belief.

Paul

Kilkis
Posts: 12398
Joined: Sat Apr 21, 2007 3:58 pm
Location: Near Chania

Postby Kilkis » Sat Aug 25, 2012 11:59 am

Good grief, Paul, you must have realised by now that people who save are the spawn of the devil. They are evil. Only people who spend are of any benefit to the economy. Savers must be punished in any way possible to discourage others from going down this murky path.

I wonder if people will be allowed to carry unused spend forward to a following year a bit like companies can use loss in one year to offset profit in another.

While things like utility bills may be fairly constant from year to year spend on items such as consumer goods and private healthcare are usually not in my experience. As an example, for 13 years in Greece we had no expenditure on private healthcare and then in one year had a spend of €35,000. Probably not typical but it illustrates the point. You could have a situation where spend on allowed items in one year, and hence your tax free allowance is actually bigger than income so you would pay no tax. You would also have unused allowance. Next year the spend on allowed items could be significantly less than your income.

This is yet another example of lets soak the poor. In 2011 for example my electricity bills were €791.80, my telephone €433.50 and my car insurance around €760. Normally I would have nothing else that qualified according to the list in Ekathimerini. In the space of a little over a year my tax free allowance will have gone down from €12,000 to €9,000 to €5,000 to a little under €2,000. People who paid no tax on an income of €12,000 per year will now be paying around €2,500 per year. I wouldn't describe somebody on €12,000 per year as particularity wealthy. Someone on a very high salary is much more likely to have qualifying spend and so still gets the benefit of a significant tax free allowance. Tax the poor. Reward their fat cronies.

Warwick


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