The new tax bill is waiting to be passed by parliament and is a condition which Troika has demanded is met ahead of further funding next year
Coalition partners PASOK and Democratic Left oppose plans to tax annual incomes above 26,000 euros at a rate of 45 percent.
PASOK leader Evangelos Venizelos said this would turn society in its entirety against the government. “People cannot pay this. We need to find alternatives,” said Democratic Left spokesman Andreas Papadopoulos. “There is no way the tax bill will reach Parliament in its current form.”
Stournaras is due to meet representatives of the two parties on Wednesday to discuss the matter. Democratic Left is likely to propose higher taxes on property and deposits as a way of avoiding such high income tax on a relatively low wage bracket.
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