Greece passes new tax increases
January 12 , 2013
The Greek parliament passed a series of tax rises on Saturday in a bid to lift at revenue in line with Athens' pledges to international creditors.
The measures, which were approved overnight, introduce a new top tax rate of 42 percent for Greeks who earn more than $56,000 a year.
Corporate rates have also gone up and the tax base now includes low-earning farmers.
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