Greek lawmakers approved a controversial new property tax Tuesday that aims to boost revenue as the country struggles to obtain a critical installment of international bailout loans that will prevent it from default.
The new tax passed 154 votes to 143 against in the 300-member parliament. It was announced earlier this month after international debt inspectors suspended their review of Greek reforms amid talk of missed revenue targets and delayed implementation of austerity measures. The inspectors are expected to return to Athens this week.
Just days after it received intense criticism from Sen. Charles Schumer (D-NY), some other lawmakers and privacy advocates, General Motors' OnStar service has agreed that it won't keep its data connections open to customers who have canceled the service.
"I believe the US owes itself to create a 21st century tax policy for individuals as well as businesses," Kent told the paper. He also went on to criticize the complexity of the tax code, as well as the fact that American companies have to pay taxes on income earned abroad. The FT adds: