Alexiadis promises corporate and household tax reduction

The government will reduce taxation on households and enterprises in 2017, Alternate Finance Minister Tryfon Alexiadis announced in an interview with Sunday's Kathimerini. He stressed that the economy's competitiveness needs to be improved, saying that with the high corporate tax rates applying today, "it's like shooting yourself in the foot." He also spoke of changes to the Single Property Tax (ENFIA) from 2017, with cultivated plots of land possibly being exempt, but with the same tax revenue target.

"At the moment, as a government, we have inherited a specific tax system and a financial and social situation from which we have to emerge implementing the bailout agreement. Yet I believe that if we want our economy to become competitive - as when you have high rates it is like shooting yourself in the foot - and today we do not have a fair system. There is overtaxation. We...