Greece Expands Tax Breaks to Win Back Emigrants as Wage Gap Remains a Drag

Greece is widening tax breaks for citizens who left during the financial crisis in a push to reverse brain drain and lure back younger, highly skilled workers, even as officials acknowledge that weak pay levels remain a major obstacle. The finance ministry, through the Independent Authority for Public Revenue, has issued new guidance to grant exemptions on duties, registration taxes and VAT for personal belongings, including vehicles owned for at least six months before the move. The measure...

By ANTHEE CARASSAVA