Tax matters - Greece bailout deal hinges on collection rates

Agreement with creditors relies not just on reformed tax rates but collection rates with Athens losing 6% more of GDP to evasion than OECD peers

At the heart of the proposals submitted to Brussels by the Greek government on Monday - and central to the disagreements remaining between Athens and its creditors - is the issue of tax.

According to reports circulating in Athens, the government offer to negotiators includes corporation tax increases on companies with profits over a500,000 (359,000) and additional income tax for individuals with annual earnings of more than a30,000.