Taken word for word from KEEP TALKING GREECE (GREAT BLOG BTW)
"I’m sorry (?) to say that but I have reasons to believe Greece is not anymore a ‘state of law’ but a “state of pure absurdity’! The Machivallism unprescendeted, the amateurism exemplary! Those listening to Finance Minister E. Venizelos yesterday, those who managed to understand what he was saying about the collection of receipts for tax reductions needed lots of time to recover from the schock. In fact, they haven’t recovered yet, as it turns out that the new regulations were most probably written by somebody standing in a rest room with a scrap of toilet paper paper in one hand and a broken pencil in the other.
Venizelos said that people have to document with ‘electronic receipts’ that they have spent 50% of their income in order to meet the taxation requirements. Otherwise, there will be penalty of 10% tax to the missing amount.
That is if you have a gross yearly income of 60,000 euro, you have to spend 30,000 euro!
At the same time, receipts for utilities, mobile bills, transport etc and of course, tax payments are not recognized as ‘expenditure’! The law to be in effect soon and will be valid retrospective the whole 2011, requires that all these receipts are ‘electronical’ that is the spending is done via the so-called “smart-card”.
However, the ‘smart-card’ has not be issued yet, is expected to be in circualtion soon. Therefore taxpayers will be called to spend 50% of their annual income in the next three months until the end of the year.
Comments? I’have run out…."
The Greek people are being forced to spend 50% of their incomes and THEY HAVE TO PRODUCE RECEIPTS TO PROVE IT!!!
I'm so fucking stunned, I have no words left... just like the poor Greek Blogger above.
Is there any other source for this story Sue?
ReplyDeleteIt sounds like somebody is off their tits on Acid to have come up with such a stupid inane idea.
During the press conference, Mr Venizelos detailed further austerity measures, including the sinking of the income tax threshold from €8,000 to €5,000 (to apply retroactively to 2011), pay cuts of up to 20 per cent for certain civil servants and the doubling of the cost of home-heating fuel.
ReplyDeleteHe also increased the number of VAT receipts that taxpayers must collect to qualify for the full tax-free allowance, which has also been lowered. From next year, for example, someone earning €60,000 per annum must produce receipts worth €30,000 to ensure their €8,000 tax-free allowance. - Irish Times
http://www.irishtimes.com/newspaper/world/2011/0928/1224304856223.html
I'm not sure I understand either but it does seem like the Greeks are being taxed to the hilt.
ReplyDelete