Word: taxed
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...survive the financial mess, the Greek state must also go global. Athens needs to lure foreign investors aggressively, which means everything from offering tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Nikolaos Karamouzis, deputy CEO of Eurobank EFG, an Athens-based bank with $84 billion in assets in 10 countries...
That will prove difficult. For the last month, farmers have driven their tractors along Greece's highways to protest plans to cut subsidies. Even the government's tax collectors walked out for a day, and on Feb. 10, state employees paralyzed the country for 24 hours. A long season of more strikes is almost a certainty...
...Reid, who scrapped a bipartisan draft earlier this month--the bill still has to pass the House or be reconciled with the lower chamber's $154 billion version, approved in December. Reid hopes to push through a series of small jobs-related bills like this one, which includes temporary tax breaks for companies hiring employees and support for highway-construction programs...
...capital on Feb. 24 to protest government austerity measures designed to dent the national debt. The march was organized by labor unions to coincide with the second 24-hour strike in two weeks, which grounded planes, stopped public transportation and shuttered schools. The recently announced belt-tightening measures include tax hikes and government wage freezes. Greece faces a budget deficit estimated at 12.7% of GDP and the possibility of being the first nation to default among the 16 countries that use the euro...
...Congress will also be sending the City Council a list of specific suggestions, such as establishing tax-incentives for energy-efficient upgrades and revamping environmental education...