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The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling. Read Full Story
The European Commission has referred Greece to the Court of Justice in a case concerning the reduced rate of excise duty it applies to the alcoholic spirits Tsipouro and Tsikoudià. Read Full Story
Greece needs to overhaul its tax system as part of the solution to the country's economic woes, the International Monetary Fund said in its annual Article IV report for the country. Read Full Story
On January 19, Greece and the United States signed an intergovernmental agreement to facilitate compliance with the US Foreign Account Tax Compliance Act by financial institutions in Greece. Read Full Story
Greece removed preferential value-added tax rates for a further group of islands from the beginning of this year. Read Full Story
The IMF is aiming to provide more consistent guidance on the fiscal space available to countries to either cut taxes or increase spending. Read Full Story
Greece's failure to overhaul its tax regime is a key reason why it has struggled to emerge from its prolonged fiscal crisis, the International Monetary Fund has said. Read Full Story
The amount of tax evaded annually in Greece is the equivalent of up to nine percent of the country's gross domestic product, according to a new analysis by EY. Read Full Story
Estonia has the most competitive tax system in the world due largely to its 20 percent corporate tax and "well-structured" personal income tax system, according to Washington-based fiscal think tank the Tax Foundation. Read Full Story
While fiscal consolidation was the key driver of tax reforms in the years following the global economic crisis, the main emphasis of recent tax reforms has shifted back to tax measures aimed at boosting economic growth, according to a new OECD report. Read Full Story
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