Following the rejection of the {News-2015-06-24/P/2- tax reforms proposed by Greece on 22 June 2015} in order to extend its bailout, the Greek government has decided to hold a public referendum on whether or not to accept the counter proposal made by the European Commission. Key measures of the proposed package include:
- Increasing the corporate tax rate from 26% to 28%;
- Requiring 100% advance payment of corporate income and individual business income tax by the end of 2016;
- Increasing the V…