Mediafax (Mediafax)
Macroeconomics  |  September 11, 2010 19:42:01

Greece next year will reduce corporate tax


Mediafax

Thessaloniki (MEDIAFAX) - Greece will accelerate tax relief for companies and reduce the tax rate on retained earnings to 20 from the current 24 percent in 2011, instead of the planned 2014. Has reported on Saturday, Reuters, referring to the speech of the Greek Prime Minister George Papandreou.

"We want to encourage our businesses to compete for survival, accelerating the reduction of tax rates on retained earnings," said the Greek Prime Minister severořecké Thessaloniki.

Papandreův sale follow mainly economists and foreign creditors of the country, Greece, who made loans to 110 billion euros (2.7 billion crowns) in exchange for strict austerity measures to divert the country from the threat of state bankruptcy.

During the speech the prime minister threw a shoe respected doctor, but missed, reported the BBC. Police later arrested three people. Police on Saturday moved to Thessaloniki over 4000 police officers. They have to prevent the demonstrations escalate into violent protests.

David Vandrovec, vandrovec@mediafax.cz

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