The Greeks come bearing gifts
Posted: Thu 2 Dec, 2010 1:35 PM
The Greek government has announced it will halve the current VAT from 11% to 6.5%. The move has been hailed by a sigh of relief from the Greek travel industry. It will lead to more holiday makers opting to visit Greece which, in turn, will lead to new businesses flourishing and more employment opportunities for the locals.
The pledge, which forms part of the Greek government s promise to cut next year s deficit by five-million euros, will also bring the country in line with many other popular holiday destinations in Europe, such as France, where the tax is 5.5%, and Portugal and Cyprus, where it is 5%.
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