In its latest effort to extend its bailout under the European Financial Stability Facility, Greece has reportedly submitted a proposal to the European Commission on 22 June 2015 that includes an increase in the country's corporate tax rate. Under the proposal, Greece would introduce a temporary 12% tax on corporate profits exceeding EUR 500,000, and would later increase the standard rate from 26% to 29%.
The proposal must now be reviewed by the Troika (European Commission, European Central B…