Home Politics Elections: Tax conflicts in front of the ballot box – What ND, SYRIZA, PASOK offer

Elections: Tax conflicts in front of the ballot box – What ND, SYRIZA, PASOK offer

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Elections: Tax conflicts in front of the ballot box – What ND, SYRIZA, PASOK offer

As the election battle heats up, the three largest parties that emerged from the May 21 elections are bringing to the surface important details of their programs that appear to be not clear enough.

Indeed, in recent days, PASOK officials such as Eleni Chronopoulou and Panagiotis Dudonis have made it clear that the tax-free limit on donations – parental benefits will be reduced from 800,000 euros to 400,000 euros for first-degree relatives, while noting that taxation will increase from 5 % up to 15%.

SYRIZA’s top manager Yannis Dragasakis made similar statements in March last year, saying that today it is not possible to tax dividends at a rate of 5% and exempt transfers of large assets with parental benefits from taxation.

The reaction of the ND representative was immediate. Aki Skertsov, who, in a statement he published, emphasizes that “the opposition parties, both SYRIZA and PASOK, do not seem to have received this message from the ballot box and continue to provoke with the vagueness of their programs and the statements of their leaders.” .

He also noted that both the increase in the tax on dividends and the emergency taxation of large companies are extremely problematic, as they slow down the record growth in private investment that has taken place in recent years. As can be seen from the programs of the parties, at the head of the agenda in terms of taxation for N.D. is to increase the non-taxable minimum for families with children, the gradual abolition of the presumption fee and the reduction of the presumption.

On the other hand, SYRIZA offers a tax-free payment that will rise to 10,000 euros for all individuals. At the same time, the tax scale will be unified, which means that independent taxation of income from real estate will be canceled, and it is proposed to increase the tax on dividends.

Harilaou Trikoupi speaks of a gradual – progressive increase in the tax rate on distributed dividends, an emergency taxation of excess profits of banks and large companies in monopoly sectors of the economy, as well as a reduction in taxes on labor.

Elections: Tax conflicts in front of the ballot box - What ND, SYRIZA, PASOK-1 offer

The most important proposals of the parties in the field of taxation:

H ND

Increase from 1 January 2024 of the tax-free limit by 1,000 euros for families with children. According to the plan, the tax exemption will be: €10,000 from €9,000 to date for married couples with one dependent child, €11,000 from €10,000 for married couples with two dependent children, €12,000 from €11,000 for families with three dependent children. and €13,000 of €12,000 for married couples with four dependent children.

The annual tax benefit as a result of the increase in the non-taxable minimum is 90 euros for employees, pensioners and farmers with one child, and increases to 220 euros for taxpayers with two or more dependent children. It also provides for the phase-out of sham fees by 2027.

According to the plan, the claim fee, which currently ranges from 400 to 1000 euros, will be reduced: by 20% in 2025 to 320-800 euros, by 30% in 2026 to 224-560 euros and in 2027 the claim fee. completely disappear in 15 years.

At the same time, it is proposed to reduce daily allowances by an average of 30% from 01/01/2025. Today, even if someone has no income, the tax office calculates the living wage. Finally, it is planned to reduce the tax on fundraising from 0.5% to 0.2% and reduce the exchange tax by 50%.

SYRIZA

Raising the tax-free limit to 10,000 euros for all individuals from income from their work is one of the main items on the SYRIZA agenda. At the same time, a single taxation scale will be created for all individuals, regardless of the form of employment.

The program for the first 50 days also includes the elimination of sham fees. On the business side, Koumunduru proposes to increase the tax rate for dividends over €50,000 from 5% to 10% and gradually increase it to 15%. In terms of indirect taxes, the program includes reducing VAT on fuels (motor oil, heating oil, gasoline, natural gas) to the lowest rate in the European Union and reducing VAT on food products to 6%.

PASOK

PASOK proposes tax cuts on labor as well as VAT cuts on basic foodstuffs, but without any analysis of the recommended changes.

Instead, he proposes a 50% reduction in the cap on tax-free parental benefits. Today, the tax-free limit is 800,000 euros, and the goal is to reduce it to 400,000 euros. The program also provides for a gradual – progressive increase in the tax rate on distributed dividends, which is one of the lowest in Europe.

According to Mr. Dudonis, 15% tax applies to dividends over EUR 100,000, 5% up to EUR 50,000 and 10% from EUR 50,001 to EUR 100,000.

At the same time, PASOK announced the introduction of emergency taxation of superprofits of banks and large businesses in monopoly sectors of the economy.

Author: Prokopis Hadjinikolou

Source: Kathimerini

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