FinMin Tsakalotos: Greeks to see 3.5 bln euro tax reduction in the near future

Greek taxpayers will see a tax reduction of 3.5 billion euros in the near future, Finance Minister Euclid Tsakalotos said in Iraklio, Crete, on Friday.

Speaking at an Iraklio Chamber event, Tsakalotos said the drop in taxes would come from revenues following the reduction of tax evasion, as well as a new model of fiscal management.

“It is important to deal a blow to the clientelistic state, which is another of the reasons that the middle economic classes are weak,” the finance minister said.

“Up to 2009, rich Greeks paid taxes on a voluntary basis. This takes time to deal with. This created our difficulty in reducing taxation,” he noted.