kathimerini.gr
Greece Unveils Tax Incentives to Boost Capital Market
Greece's new bill to strengthen its capital market includes tax incentives such as a 100% deduction (capped at €200,000) for SMEs listing on the Athens Exchange and a reduced tax rate on listed corporate bonds (from 15% to 5% for Greek residents) to accelerate market growth.
- What specific tax incentives are offered in the Greek bill to encourage investment in the capital market, and what are their immediate implications for SMEs?
- Greece introduced a bill to boost its capital market, offering tax incentives like a 100% deduction (up to €200,000) for SMEs listing on the Athens Exchange and reducing the tax rate on listed corporate bonds from 15% to 5% for Greek residents. These measures aim to accelerate capital market growth by removing regulatory barriers.
- How does the Greek government's approach to capital market development compare to similar strategies used internationally, and what are the potential long-term effects on the country's economy?
- The Greek government's capital market bill uses tax incentives to attract investment and stimulate economic growth. Lowering tax rates on corporate bonds and offering deductions for SMEs listing encourage participation and potentially increase liquidity in the market. This strategy mirrors similar efforts in other countries to develop their capital markets.
- What are the potential risks or challenges associated with the Greek government's strategy of using tax incentives to stimulate capital market growth, and what are the key factors that will determine its overall success?
- The success of Greece's capital market bill hinges on attracting sufficient investment to offset the revenue loss from tax incentives. The long-term impact will depend on investor confidence, the overall economic climate, and the effectiveness of regulatory reforms in fostering a thriving market. The measure's impact on SME growth and foreign investment will be key indicators of its success.
Cognitive Concepts
Bias by Omission
The provided text focuses on specific legal and tax decisions, potentially omitting broader context on the overall effectiveness or impact of the legislation on the capital market. It lacks information on public reaction or expert opinions outside of the cited court cases.
Sustainable Development Goals
The legislation aims to accelerate the development of the capital market by removing regulatory barriers and providing tax incentives for investors. This can stimulate economic growth and create jobs.