The latest proposals submitted by the Greek government which were rejected by the institutions include a 1% primary surplus goal for 2015 and VAT increases aimed at generating 1.4 billion euros in revenue, according to the Kathimerini newspaper.
Athens proposed the following measures:
Parametric revenue worth 1.195 billion euros (1.1% GDP) for 2015 and 3.583 billion euros (2% GDP) for 2016
- Special 12% contribution for companies with profits over 1 million euros. This would generate 600 million euros in 2015 and a further 600 million euros in 2016
- Increase corporate tax from 26% to 29%, generating 450 million euros worth of income
- Increase solidarity tax by 220 million euros for 2015 and 250 million euros for 2016
- Cut national defense expenses for 2016 by 200 million euros
- Tax television advertising 100 million euros for 2015 and a further 100 million euros in 2016
- Tax online gambling to generate 35 million euros in 2015 and 225 million euros in 2016
- Administrative resolution of real estate taxation disputes, which will generate 50 million euros in 2015 and 50 million euros in 2016
- Tax the technical inspection of vehicles (KTEO), by 72 million euros in 2015 and 50 million euros in 2016
- Revenue from clamping down on uninsured vehicles to generated 51 million euros in 2015 and 40 million euros in 2016
- Increasing luxury tax, including yatchs, for an additional 47 million euros in 2015 and a further 47 million euros in 2016
- VAT reform to generate 680 million euros in 2015 and 1.360 billion euros in 2016
- Curbing early retirements will generate 71 million euros in 2016
- Rebate on pharmaceutical expenditure is estimated to be 140 million euros in 2015 and a further 140 million euros in 2016
Administrative measures to generate 1.625 billion euros (0.91% GDP) in 2015 and 2.361 billion euros (1.31% GDP) in 2016
- Curb smuggling and illicit trade of fuel to generate 75 million euros in 2015 and 300 million euros in 2016
- Inspect bank accounts to generate 200 million euros in 2015 and 500 million euros in 2016
- Combat VAT tax evasion to generate 50 million euros in 2015 and 700 million euros in 2016
- E-gaming revenue for 2015 estimated to be 160 million euros in 2015 and 361 million euros in 2016
- Implementation of EU legislation on the environment and agriculture to generate 276 million euros in 2015
- Address triangular transactions to generate 24 million euros in 2015
- Collect 340 million euros worth of fees and television licenses for 2014
- Adjustment of arrears in installments to generate 500 million euros in 2015 and a further 500 million euros in 2016
