Greeks' New Top Tax Rate: 42 Percent
Greeks earning more than €42,000 ($55,000) per year will now be taxed at a new top rate of 42 percent, under a major new tax reform bill submitted to the country's parliament.
Under the new guidelines published late Thursday, the new 42 percent top tax rate and earnings threshold replaces the previous level of 45 percent for incomes above €100,000 ($130,770).
Source: AP. Read full article. (link)
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