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“Further inflation from proposals of AKEL, DIKO, DIPA”

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ΑΡΧΙΚΗΕΙΔΗΣΕΙΣΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΡΟΕΔΡΙΚΕΣ 2023ΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΟΙΝΩΝΙΑΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIALINSIDERΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑΑΠΟΨΕΙΣΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTERGOING OUTTHINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗΠΟΛΙΤΙΣΜΟΣΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑΑΘΛΗΤΙΚΑΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOSAUTOΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣΚΑΛΗ ΖΩΗΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑΧΡΗΣΙΜΑΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣΕΝΤΥΠΗ ΕΚΔΟΣΗ ΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΡΟΕΔΡΙΚΕΣ 2023ΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣ ΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIAL ΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑ ΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTER THINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗ ΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑ ΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOS ΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣ ΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑ ΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣ ΕΠΙΧΕΙΡΗΣΕΙΣ ΚΥΠΡΟΣ BRAND VOICE CAPITAL FORBES BLOOMBERG OPINION ΠΡΩΤΑΓΩΝΙΣΤΕΣ ΚΑΥΤΗ LINE GOLDEN COMPANIES CAREER

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EXCLUSIVE COOPERATION

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TOGETHER WITH

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Next Previous “Further inflation from AKEL, DIKO, DIPA proposals” HOME • INSIDER • CYPRUS • “Further inflation from AKEL, DIKO, DIPA proposals”

& laquo; & Pi; & epsilon; & rho; & alpha; & iota; & tau; έ & rho; & omega; & pi; & lambda; & eta; & theta; & oma; & alpha; & pi; ό & pi; & rho; & omicron; & tau; ά & sigma; & epsilon; & iota; & sigmaf; & Alpha; & Kappa; & Epsilon; & Lambda ;, & Delta; & Eta; & Kappa; & Omicron ;, & Delta; & Eta; & Pi; & Alpha; & /> </p> <p> <i style = 'color: black' class = 'fa fa-user' aria-hidden = 'true'> </i> & nbsp & nbspInsider & nbsp; & nbsp; </p> <p><b>The draft laws AKEL – DIKO – DIPA with which the government does not agree, cost about 300 million euros per year (142 million per half), significantly burdening public finances, without in our opinion serving a social benefit as they create distortions , he said today & nbsp; in Parliament the Minister of Finance, noting at the same time that, “at least three of the draft laws are contrary to the European Acquis and especially to articles 73, 85, and 86 of Directive 2006/112/EU)”. </b> </p> <p> In particular, & nbsp; Konstantinos & nbsp; Petridis made the following statements: & nbsp; </p> <p>“Tax cuts are tantamount to fiscal expansion and are by definition inflationary. Too often, VAT cuts are not reflected in prices and do not serve vulnerable groups. Instead, the loss of government revenue may be used to create non-profit conditions. There is a social benefit to vulnerable groups and the low paid. If the purpose is to serve the relief of households and businesses, ie exercise, social policy, these bills will have the opposite effect. will be passed on to the largest consumers of electricity, taking advantage of the loss of revenue from the state.Especially large consumers would have to be pressured to reduce electricity consumption, so that there is pressure to reduce inflation and the inequalities it creates through their high consumption, instead of become the biggest beneficiary of the tax reduction policy. Consequently, these proposals for further reduction of the VAT on electricity will have a strong anti-social character at the expense of the low income groups. This is a position that almost all economists as well as the Financial Council point out. Compared to the rest of Europe, taxes, fees and electricity grid costs are 49% of the final price, compared to 63.1% in the rest of the eurozone according to Eurostat. Nevertheless, the Government reduced the VAT on electricity from 19% to 9%, and for the vulnerable to 5%, while it also reduced the excise tax on fuel by about 9 cents per liter, ie the minimum rate allowed by the EU. .Ε. Further, horizontal reductions will simply have more inflationary consequences and intensify inequalities. The high price of electricity is not due (based on the above) to the taxation which is one of the lowest in Cyprus but to the dependence on fuel oil. It is for this reason that the Government in the coming years has budgeted significant funds for increasing RES, but also recently through the 14 proposals to address the consequences of the pandemic has significantly increased subsidies for the installation of photovoltaics. This is a more structured policy aimed at the root of the problem. In other words, in the detoxification, especially of the most vulnerable, but also of the companies from the fossil fuels, instead of exhausting the budgetary reserves in the short term and without special benefit. Further tax cuts are a disincentive to avoid wasting electricity, which runs counter to the EU and Cyprus's green transition goals. </p> <p>Finally, the extensions of the proposed legislation will have the impact </p> <p> of reducing government revenues at a difficult time when government revenues are declining due to slowing growth and inflation. the further increase in inflation The creation of a further need for further support of the vulnerable in the future due to the increased inflation created by the measures themselves, making these parallel policies fiscally risky without the appropriate impact on society. </p> <p>Horizontal, unintentional and unaffected proposals hamper the government's efforts for targeted and socially sensitive and effective policies, which will benefit those most in need. The government has already adopted two packages of measures to mitigate the effects of the war in Ukraine and inflation, with 14 measures totaling 300 million euros. The latest policies include support for retirees, households with dependents and children, people with disabilities, SEN recipients, support for agriculture and animal husbandry, and child subsidies. </p> <p>It is these layers of the people that we want to serve and not adopt policies that favor big consumers, big interests or shoulder the benefit of revenue cuts by others instead of the vulnerable. For these reasons, the parties' proposals affect macroeconomic stability without being able to achieve the desired result and therefore can not be accepted. “& Nbsp; </p> <p> <b> Parties ready for further dialogue </b> </p> <p> The Chairman of the Finance Committee, DIKO MP Christiana Erotokritou, in her statements wondered that the reduction of VAT on electricity from 19% to 9% is not considered inflationary by the Ministry of Finance but the proposals law that have the same goal are considered inflationary. </p> <p>He also said that many European countries have combined benefits for consumers with either & nbsp; direct payments to consumers either through tax cuts or a combination of both measures. </p> <p> With regard to the reduction in VAT on electricity, he expressed the view that this could be done encourages any inflationary trend. </p> <p>“The position of the Democratic Party is that we must help consumers and especially vulnerable groups. “We will seek to continue the dialogue with the Ministry of Finance because we are sure that if there is a will, there is a way as well,” he said. </p> <p> , who grouped all the proposals of the parties at a cost of 300 million euros. Clarification that based on the data submitted before the Parliamentary Committee on Finance by the Ministry of Finance, the proposal of DIKO is costed only at 44 million euros. </p> <p>DISY MP Onoufrios Koullas said that it is important that despite the two years of pandemic that cost the state more than 2000 millions, there are still financial opportunities to support the economy, citizens and businesses. However, as he said, the interventions should be more to those who are most in need. He said that is what the Government has done so far with two packages worth about 300 million euros. </p> <p>He also said that his party does not favor the fragmentary management of a serious crisis with each party putting forward a proposal for tax cuts. He added that they favor the cooperation of legislative and executive power in order to have the best economic results. </p> <p>AKEL MP Aristos Damianou said that they did not expect anything different from the Government and YPOIK when he heard today that both their & nbsp; opposition and other proposals of the opposition are suddenly rejected by the Government. He added that the Minister is concerned that the reduction of the excise tax will increase the purchasing power of households and will increase inflationary trends. </p> <p>If the Minister, he added, considers that with the poverty of the lower and middle classes, inflation will be controlled, then, as he said, the slogan for the good helmsman goes for a walk. He also said that the Minister's concern that the proposals will benefit the rich along with the poor is laughable, since most of the Government's policies and DISY, as he said, serve the few and the rich. </p> <p> with satisfaction the readiness of YPOIK -under the pressure of the discussion as Mr. Damianou said- to enter into a dialogue for the proposals in order to target them. He added that a large number of EU member states have made important decisions on excise duty and fuel in contrast to the Government of Cyprus. & nbsp; </p> <p>ELAM MP Sotiris Ioannou said that the party submitted its own suggestions to YPOIK and proposed to the Minister to issue a decree to impose a ceiling on fuel prices, while he said that the Republic of Cyprus has great potential for saving & nbsp; funds. He added that it is not possible for the Greeks of Cyprus who are going through these difficult times to say that there is a problem with the budget but for the illegal immigrants to have unlimited funds. Regarding the problem with the purchase of fuel from the occupied areas and the loss of revenue for the state, he said that it is not possible for the Government not to close the roadblocks. </p> <p> DIPA-Cooperation MP Alekos Tryfonidis stated that they insist on colluding the draft laws and consulting so that other measures can be taken in relation to the proposals for accuracy. </p> <p>He noted that for the state & nbsp; there is a significant increase in revenue due to rising prices. As he said, already for the 1st quarter, the receipts from VAT are increased by € 121.6 million, of which € 28 million are due to the increase of electricity and fuel prices, while further increased receipts are expected due to the continuous upward trend. of prices. He also referred to the illegal fuel trade with the Occupied Territories and called on the Government to intensify controls and consider the extent to which it will reduce taxes in order to disrupt the purchase of fuel from the Occupied Territories. He also called for more scrutiny of fuel companies to see if there was a possible scandal and pre-arranged prices. </p> <p> MP Stavros Papadouris of the Ecologists' Movement & nbsp; mentality that we had to change several years ago. He added that they say the same things they said in the past, they just did not do the things that should have been done. He expressed the hope that they will be done from now on. </p> </p> <p><noindex></p> <div class=Source: www.philenews.com

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