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Greek Finance Minister Euclid Tsakalotos said in an interview with a local newspaper that a new easing of measures to control the movement of capital in the country would soon be announced. The Greek government will lift restrictions on the withdrawals of cash and opening of accounts. In addition, in 2019 it is planned to reduce the tax on real estate by about 10%. In 2020, the government intends to carry out the next tax cut and simultaneously change the system of its charging. According to the minister, the average tax will decrease by 30%. He believes that due to the improvement in the economy, it is possible to reduce unemployment to 10% within five years. Let us recall that the acute financial crisis and the massive withdrawal of funds from accounts in Greece forced the government in June 2015 to impose restrictions on the movement of capital.
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South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
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