Greek Tax Revenue Hopes Keep Sinking

Despite big tax hikes that went along with big pay cuts and slashed pensions, expected tax revenues in Greece are far off the mark as austerity-crushed Greeks continue to cut back spending, causing a shortfall of 815 million euros ($1.074 billion) in the first six months of the year, some 3.6 percent less than the goal. The biggest drops were shown in income tax and property tax despite a ...

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