Greece leftist party promises corporate tax overhaul

ROME Tue Jun 12, 2012 11:57am EDT

Alexis Tsipras, head of Greece's radical left SYRIZA party, attends a pre-election rally at Elefsina suburb, west of Athens June 6, 2012. REUTERS/Yorgos Karahalis

Alexis Tsipras, head of Greece's radical left SYRIZA party, attends a pre-election rally at Elefsina suburb, west of Athens June 6, 2012.

Credit: Reuters/Yorgos Karahalis

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ROME (Reuters) - The head of Greece's leftist SYRIZA party pledged on Tuesday to introduce a progressive corporate tax scale that would increase tax for high-earning businesses but dismissed fears that investment could dry up if he came to power after the June 17 election.

SYRIZA leader Alexis Tsipras said that investment relied more on a stable tax system than on the tax rate.

Greece currently has a 20 percent corporate tax rate for large listed companies.

(Reporting By Harry Papachristou and Renee Maltezou)

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