Workers in Greece see deductions grow

Taxpayers in Greece have been seeing their incomes shrink each year due to the taxes and social security contributions that employers and workers have to pay, and Organization for Economic Cooperation and Development (OECD) data point to the growing deductions of crisis-riven Greeks, in contrast to the trend in other member-states.

According to an OECD study, an unmarried worker in Greece was last year expected to pay 40.9 percent of his gross income toward taxes and social security contributions, up 0.15 percent from 2017, while the mean rate among OECD members stood at just under 36.1 percent.

Among the 36 OECD member-countries Greece had the 13th highest tax and social security load. This increase stemmed from tax hikes, the survey showed.

OECD records show that the same worker would have had 38.8 percent of his income deducted for taxes and contributions in...