Government will cut corporate tax rate


In a bid to lure more foreign investment, the government announced plans on Monday (6 October) to cut the corporate tax rate for the next decade.

In a draft bill, the government said that for investments of over Ђ30m (US$34.8m), the corporate tax will be reduced from 35 per cent to 25 per cent of net profits.

Greece ranks last in the 15-nation European Union on many economic indicators, including the level of foreign investment.

Source: Associated Press



All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
Posted on Oct 8, 2003
Region: Greece