Int'l Creditors Propose Greece Abolish Solidarity Tax for High Earners

© AP Photo / Petros Giannakouris Greece
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Greece received a proposal from its international creditors to cancel the tax for high-income earners.

ATHENS (Sputnik) — Greece received a proposal from its international creditors to cancel the so-called solidarity tax for high-income earners, a spokesperson for the country’s Finance Ministry said Thursday.

"The creditors’ institutions demand to abolish a solidarity tax of 8 percent on revenues above 500,000, since, according to them, it could lead to tax evasion," the spokesperson told reporters.

A man passes graffiti in Athens, Tuesday, July 7, 2015. Greek Prime Minister Alexis Tsipras was heading Tuesday to Brussels for an emergency meeting of eurozone leaders, where he will try to use a resounding referendum victory to eke out concessions from European creditors over a bailout for the crisis-ridden country - Sputnik International
Greece to Face Tax Hikes, High Unemployment, Recession
The spokesperson said the Greek side considered the proposal to be a political decision, with the aim of redistributing the financial burden among the population.

Athens is currently in talks on a financial support program with its lenders, striving to finalize the negotiations by August 12.

The negotiations began after Eurozone leaders reached a preliminary agreement in mid-July on a new bailout for Greece, with a $95-billion aid package to be given to the country over the next three years in exchange for economic reforms.

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