The tax-free income allowance will not be reduced, Vernardakis says

"There is no reason to lower the tax-free income allowance because there are margins in the economy for doing so and if we want to follow a redistributive policy, we should not reduce the tax-free income but, on the contrary, increase it," he said.

Regarding the green light given for the early repayment of a part of Greece's International Monetary Fund (IMF) loans and for measures to ease Greek debt, the minister stressed that they confirmed that "the country on a track of a economic normality, that its indicators are returning to a form of normality, though this must, of course, be properly handled."

"The duty of a government that thinks on social terms," he said, "is to give back to society the things which [were taken] over the years, either in the form of wage and pension cuts, or in the form of social benefits and the welfare state, or in the form of taxation."

Source: ana-mpa

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