Reuters
May 15, 2014

Greece’s government on Thursday denied it had instituted a retroactive tax on foreign holders of Greek bonds, saying capital gains booked from early 2012 to the end of last year were subject to the tax regime covering that period.

Greek 10-year bond yields GR10YT=TWEB rose to near two-month highs on Thursday, with traders citing a document detailing a retroactive tax on non-resident holders of Greek bonds.

Greek officials, however, said that document had only sought to clarify that the previous tax regime of 33 percent on foreign legal entities and 20 percent on individuals had been abolished starting this year.

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