As an try by the federal government to reply to the subsidence of its charges on European elections, responding to the accusations that it’s recognized with capital, the transfer of the Ministry of Economic system and Finance and the Kostis Hatzidakis, to tax refiners primarily based on extra earnings in tax 12 months 2023.
It’s typical that the Mitsotakis authorities leaves the excess earnings of banks and electrical energy suppliers untouched in an effort to impose a 33% “Momentary Solidarity Contribution” to the refining firms.
- The Momentary Solidarity Contribution will likely be calculated primarily based on the surplus earnings of the tax 12 months 2023, as outlined by Regulation (EU) 2022/1854, i.e. 33% of the taxable earnings of the 12 months 2023, which exceed 20% of the typical outcomes of the years 2018 to 2021.
- It’s famous that the Momentary Solidarity Contribution, calculated on the premise of the excess earnings of 2023, will likely be confirmed inside 2024 and will likely be mirrored within the declarations of the businesses of the tax 12 months 2024.
In response to the federal government’s “pleasant” determination, the income will likely be used primarily for monetary help to pensioners through the month of December, who attributable to private variations don’t profit from the brand new enhance in pensions from 1/1/2025, in addition to for the reinforcement of credit of the Nationwide Public Funding Program.
It’s famous that, as documentonews.gr wrote on 4/6/2-24 “vitality cartelization introduced obscene earnings in 2022 of greater than 350% to the nation’s refineries and a rise of greater than 150% within the earnings of 150 listed firms”.
Learn extra: Accuracy comes with a Maximus stamp – Bringing tremendous earnings to the cartels and desperation to the residents
His proposal is the alternative SYRIZA-PS, which was for the institution of a unprecedented levy on the surplus earnings of refineries in 2023 amounting to 90%, which is included within the complete and totally costed plan to cope with the precision that he submitted by a 12-article legislation proposal to the Parliament.
It’s also famous that talking within the Parliament, the then Deputy Minister of Finance (who was eliminated) Haris Theocharis had defiantly admitted – in response to the chairman of the KO Socrates Famello– that the federal government won’t impose a unprecedented levy on the nation’s two refineries, regardless of the availability of European Regulation 2022/1854, arguing that it taxed them sufficiently for 2022.
Learn additionally: SYRIZA: The federal government’s defiant admission that it’ll not tax the excess earnings of the refineries
The Mitsotakis authorities, nonetheless, chooses the “lesser evil” of not disturbing pursuits by imposing the bottom price of 33% allowed by the European regulation. It additionally stays unknown whether or not it will likely be “dragged” to timidly tax the surplus earnings of Banks and electrical energy suppliers.
VAT
Whereas the Mitsotakis authorities refuses to crack down on precision at its root, on cartels and overpricing, whereas refusing to zero or scale back the VAT on fundamental meals (as Spain did) it has introduced that the speed will likely be fastened at 13% (as an alternative of 24% in taxis, estimating the annual fiscal price at 45 million.
On the similar time, the decreased price stays VAT (13%) in espresso, cocoa, tea and chamomile that are deliveries of products (take away and supply), with an estimated fiscal price of 65 million per 12 months, and returns to 24% in served, in proportion to the remainder of the non-alcoholic drinks, with estimated financial savings of 43 million per 12 months.
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