Greek Farmers Protest Tax Changes

February 15, 2016 Taxation in Greece

Agricultural taxATHENS – Greek farmers are holding marches in protest of legislative changes which could see their taxes raised to as much as 70 percent.

Over the weekend farmers in Greece led protests in Athens and blockades across the country in opposition to a proposal for subsidiary and superannuation reforms.

Currently a proposal has been raised by Greece’s bailout lenders to drop some of the subsidies received by farmers in Greece.

Lenders are calling for self-employed workers to pay higher social security contributions, a move which would include almost all farmers.

Further, additional tax changes have been proposed, which, if implemented, would see a removal of subsidies on fuel used by the agriculture sector, and significant increases in the rate of income tax paid by farmers.

It is claimed that the changes would mean that the effective tax rate faced by farmers could be as high as 70 percent.

As at February 15th there have been no negotiations or talks held between the farmers and the government, with the protesters calling for the government to repeal the increased tax rates and payments entirely.

The protests have led to some clashes between participants and law enforcement, however, the movement has garnered significant public support with as much as 10 000 individuals marching alongside the farmers.

Photo by: U.S. Fish and Wildlife Service Northeast Region