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Tuesday, June 14, 2016

Higher Excise Taxes on Alcohol and Tobacco Result in Loss of State Revenue

Higher excise taxes on alcohol and tobacco are forcing consumers to turn to contraband products and subsequently lead to reduced state revenues, industry experts say. The imposition of the special consumption tax on alcohol products (EFKOP) has prompted many Greeks to switch to alcohol sold in bulk, which is not taxed. In the past six


READ THE ORIGINAL POST AT greece.greekreporter.com