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Greece looking to draw in northern Europe pensioners with tax exemption planThe government is set to attract northern European pensioners with tax exemptions should they decide to move their tax residence to Greece.Greek Prime Minister Kyriakos Mitsotakis discussed the plan at a meeting with the top officials of his finance ministry earlier this week. It is envisaged that the tax exemption would apply for nearly 10 years. The exemption would include not only their pensions but also any other sources of revenue from property or capital gains from stocks anywhere in the world.The plan, Greece’s Kathimerini website reports, is based on a Portuguese model introduced in 2009 in which foreign pensioners are exempted from taxation including on revenues in their country of origin, provided they had not been taxed in Portugal in the five years before they submitted their application.If it is successful in attracting foreign pensioners, Greece will benefit from their spending their pensions in the country and possibly buying a property or vehicle there. The plan could be particularly beneficial to Greece’s regional areas and the islands where the revenue from tourism drops in the winter months.
Athens Named Eleventh-Worst City in the World to Drive in
McLaren Elva: New car has no roof or windscreen and uses air insteadCar creates a 'bubble of calm' by shaping air around it, manufacturers sayMcLaren has revealed its new Elva, a car that has no windows, roof or windscreen – and instead uses air.The car is able to still create a "relative ‘bubble’ of calm", which would normally be provided by glass, by shaping the wind around the vehicle, McLaren says.The Elva is incredibly limited: only 399 will be made, and they start at nearly £1.5 million.For that price, customers won't get any windows to keep the weather out, but will get McLaren's lightest road car ever.
Greece said to plan to sell off pension arrears to get cash upfrontGreece plans to sell billions of euros of social security contributions owed to its pension fund to private investors to get cash upfront and facilitate recovering other receivables, senior government officials told Reuters on Thursday.The arrears represent social security payments for staff owed to pension funds by private companies in Greece, partly because of the country’s debt crisis.The project, headed by Deputy Labor and Social Affairs Minister Panagiotis Mitarakis, will look into selling a first batch of up to 12 billion euros ($13.22 billion) of legacy arrears out of about 35 billion on the social security system’s books.
Preparations get underway for 1973 student uprising commemorationPreparations got underway on Friday as Greece gears up for the commemorative events marking the 46th three-day anniversary of the Polytechnic student uprising of 1973.The 1973 student uprising set into motion a chain of events that lead to the fall of the military junta that ruled the country from 1967 to 1974.Ahead of Sunday's memorial, people leave flowers at the fallen gate of the Polytechnic University in tribute to victims of the uprising.
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Topic: 15/11/149 (Read 1470 times)
