While Greece is confronting a sharp economic downturn and a severe budget deficit, one thing the country apparently wont be doing is imposing a tax on online ads.
According to a report in The New York Times, the Greek government dropped its plans to impose a 21.5 percent tax on online ad revenues of news sites based in the country. The money would have gone to support a pension fund for online journalists, a cause that would be dear to my heart, if I worked for a Greek news site that is.
Greece already imposes such a tax on print and TV advertising, but publishers have managed to exploit a loophole and steer their ad billings through their online operations. That has left many of Greeces online journalists effectively without a pension.
Unfortunately the way things seem to be going with Greeces economy lately, many other workers are also worried about losing the pensions they once thought they had.