Business & Economy

Greek island fears impact of tax increases

Enhanced new rate may keep tourists away as the government in Athens tries to claw back cash to pay its creditors.

| Business & Economy, Europe, Greece

Taxes are going up across the Greek islands as the government tries to claw back cash to pay its creditors.

The new rate will be the highest in the European Union - and ends an era of tax breaks for the islands. It may also keep tourists away - a valuable source of income.

Al Jazeera's John Psaropoulos reports from the island of Naxos.

Source: Al Jazeera

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