“The new property levy, which has been years in the making, aims to boost Greece’s budget revenues by rolling several taxes into one, but is also seen as harming the economy’s expected rebound next year, driving dented property prices even lower. The law imposes a tax on residential housing, commercial properties, vacant property lots, farms and sports fields and aims to raise some €2.6 billion ($3.55 billion) per year and offers discounts to those who prove they cannot afford to pay it. In September 2011, Greece imposed a real-estate tax that it placed on electricity bills and is collected by the country’s power company.”
http://online.wsj.com/news/articles/SB10001424052702304866904579272000551853972
Related posts:
When Border Searches Become Unreasonable
Philadelphia applies retroactive lap dance tax at gentlemen's clubs
Security Meltdown at Republican Convention in Tampa
UN attempts to install another central government in Somalia
Collapse of New Bridge Underscores China’s Infrastructure Concerns
Air strike kills 15 civilians attending wedding in Yemen
Man arrested for posting image of burning poppy on Twitter
Russian central bank ready to step in to stop ruble panic
Bond mutual funds post $34 billion outflow in December
IMF to Europe: Deliver on Irish bailout
President Obama Calls for Conscience Vote On Syria, Even If Public Opposed
FBI: $28.5 Million In Bitcoins Allegedly Seized From Owner Of Silk Road
As Egyptians Ignore Curfew, Talk of a U.S.-Brotherhood Conspiracy
Police 'assessing credibility' of claim Princess Diana murdered by British soldier
Trump administration is looking at 50- and 100-year bonds