Economy minister doesn't rule out tax on banking transactions

Economy minister doesn't rule out tax on banking transactions

Economy, Development and Tourism Minister Giorgos Stathakis didn’t rule out the possibility of imposing a tax on banking transactions as part of the government’s efforts to increase revenues, according to statements made to a Greek private radio station on Tuesday.  

Economy minister doesn't rule out tax on banking transactions

“We try to find revenues for the system that will have a minimal element of justice. The options are limited. Some type of tax on transactions, if it is well-planned, cannot be ruled out,” the minister told Real FM earlier today, adding that a similar tax on large transactions has been imposed in other European countries.

“Before we criticize or applaud, any action must be properly thought out. I repeat: If it is implemented,” he noted.

Commenting on non-performing loans (NPLs), he said that the government will submit a new law before Feb. 15 that will exclude three types of loans from being sold to private funds – mortgage loans on main residence, loans of small and medium-sized businesses and consumer loans.

 

Best of internet