In the ministerial the new minimum wage – The new model for the calculation of

The shift in the everyday life of the government, demonstrates the agenda of the current Cabinet, in which its bill on him, to be tabled in November, is the dominant issue. Labour Minister Niki Kerameos comes to the “table” with a recommendation for a new way of calculating the minimum wage, which will reportedly be based on a mathematical formula that takes into account objective economic elements, such as inflation, but also the increase in productivity as a whole. A key element is the ‘freezing’ of automatic wage adjustment when adverse economic conditions occur, but it will not in any case provide for a reduction in remuneration. In addition, the bill is expected to provide that the minimum wage in the private sector will also apply to the new entrants to the State. Insurance improvements Mrs Kerameos will present two insurance provisions to the Cabinet today providing: (b) Reduction of insurance contributions from 1 January 2025. The triptych: increasing public revenue from tax evasion – reducing taxes – increasing income At the same time the government is “investing” in the fight against tax evasion, in order to increase revenues and create a new fiscal area for tax reductions, leading to an increase in incomes. Prime Minister Kyriakos Mitsotakis, in his speech at the opening of the new building of the Independent Public Revenue Authority, set as a milestone the end of the four years. “The more the gap in VAT is limited and reduced and tax fraud is solved, the greater revenue will be added to the state so that we can reduce taxes, as is our intention until the end of the government term in 2027,” Mr Mitsotakis said. The tax reliefs in 2026… The design has provided since 2026 reductions in tax rates on natural persons (with an emphasis on medium incomes) and businesses, reduction of VAT and abolition of the profit charge. “Yes, we will see more tax reliefs. And why in the years to come? Why should ‘’the fund not be minus’’” said Government Representative Paul Marinakis (Skai), rejecting objections that tax reductions are… electoral color. “We are implementing our programme” is the government’s response. “A median salary of 1500 euros in 2027, minimum wage of 950 euros, tax reductions as described in our programme. Twelve additional tax reductions will be voted on in the budget (announced to ITH) only for 2025” Mr Marinakis stressed, noting that the fight against tax evasion (with the connection of POS to cash machines, cross-checks, controls, etc.) has resulted in 800 million more revenue from this year’s budget.