Taxation-wise, Greece’s attractiveness is disappointingly low, as this year’s International Tax Competitiveness Index by the US-based Tax Foundation placed Greece 30th among the 36 member-states of the Organization for Economic Cooperation and Development, ekathimerini.com reports.
The data highlight the problems created by the over-taxation that has hit individuals and corporations alike during the last few years, as since 2014, when the index was first published, Greece has been stuck between 27th and 32nd place.
Greece ranks 29th in corporate taxation and 28th in property taxes. The Tax Foundation’s analysts point out that many property taxes tend to be highly distorting and complicate taxpayers’ lives, making business considerably more difficult. With the exception of land taxation, most asset taxes increase economic distortions and bring about long-term negative effects on the economy and its productivity.
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