Abstract
The continuing ineffectiveness of the tax reforms in Greek economy raises concerns about the need for a meaningful restructuring of the structure of fiscal administration. Tax restructuring that enhances regional, local or European taxation by weakening government taxation can be a key factor in reforming the tax system. The degree of tax decentralization of the tax policy applied is likely to improve the fiscal order and management and, on the other hand, it can be strengthened tax revenues by enhancing tax compliance. The main purpose of this paper is to emphasize that the decentralization of taxation to a more socially acceptable regional fiscal policy can lead to an acceptable tax reform in the case of the Greek economy. A reform of the revenue management at local, regional, central and European level with a more socio-centric fiscal expenditure mix is more desirable.
Highlights
The continuing ineffectiveness of the Greek tax system makes it necessary to seek a restructuring of the applied tax model
The main purpose of this paper is to emphasize that the decentralization of taxation to a more socially acceptable regional fiscal policy can lead to an acceptable tax reform in the case of the Greek economy
The ten years of continued economic contraction of the Greek economy, while fiscal policy has changed radically and tax evasion has remained at just the same level, has confirmed the fragile economic structure and the failure of the financial mix
Summary
The continuing ineffectiveness of the Greek tax system makes it necessary to seek a restructuring of the applied tax model. A significant proportion of Greek society has created a firm belief [1] that tax laws are unfair and do not apply to everyone the same. This view largely stems from the inability of the public to discern at the right time those who attribute the legitimate taxes [2] and those who escape tax evasion [3]. The main objectives of the new tax reform are to simplify the monitoring of financial transactions, the submission of taxpayers’ declarations, the diversification of the imposition of penalties, the change in the control procedures and the enforcement of compulsory recovery measures. Changes have been made to indirect taxation by enforcing value-added tax (VAT) rates, and imposing a series of additional indirect taxes (fuel, food service, telephony, etc.)
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
