Philenews

The Tax-Burdensome Policy of a Left-Wing Era

Published January 4, 2026, 06:15
The Tax-Burdensome Policy of a Left-Wing Era

The article refers to the current tax reform in Cyprus and the criticism it receives from AKEL, while also recalling the strict tax-burdening policy implemented by the previous left-wing government during the period 2011-2012. This policy, which included increases in VAT, fuel, tobacco products, and a contribution to EAC, imposed a significant burden on wage earners, while simultaneously cutting allowances such as child benefits and student grants. PEΟ had expressed its opposition to these decisions, emphasizing the lack of dialogue and the need for more balanced and fair measures. The article highlights the contradiction between economic growth and shrinking wages, as well as the need for policies to strengthen incomes.