Tax which takes a greater proportion or percentage the higher the income of the taxpayer. This contrasts with regressive tax, where the proportion paid falls as income increases, and proportional tax, where the proportion paid remains the same at all levels of income. Examples of progressive taxes in the UK include income tax and capital gains tax.
The cross represents the Greek Orthodox faith. Blue stands for the sea and sky. The shade has varied over the years. White symbolizes purity. Effective date: 22 December 1978.