Bill to tax multinational firms

The Greek government is proceeding with the imposition of an additional tax at a rate of 15% on multinational companies and subsidiaries operating in Greece with annual revenues exceeding 750 million euros, from which they estimate that they can collect the amount of €80 million.

The draft law was put up for public consultation on Thursday night and will be submitted to the Parliament in the first 10 days of March.

In Greece there are 19 Greek business groups and 900-950 subsidiaries of foreign groups which exceeded €750 million in consolidated turnover for at least two of the last four years.

Essentially, this is about the integration of a European directive, through which Greece will harmonize with the rest of the EU countries and the relevant OECD initiative.

With this initiative, as noted by the Finance Ministry, an additional important step is being...