Greek dividend tax
12/09/2008
The plans recently announced by Greek Finance Minister George Alogoskoufis to introduce a 10% tax on capital gains and dividends from share sales have the potential to force investors overseas, a body representing brokers claimed.
Earlier in the week, the Finance Minister was also obliged to defend the introduction of his tax package from an attack by unions.
The measures, including the 10% tax on capital gains from share sales, are being brought in to boost budget revenue and the public finances as the economy slows, and to keep the Greek economy on the right side of the EU's 3% of GDP budget deficit ceiling.
The reductions are due to come into effect from January 1, 2009, pending parliamentary approval.
