Calamos Supports Greece

Greece

More Than €2 Billion in Unpaid Taxes in Greece During First Two Months of 2019

According to the latest figures published by Greece's Independent Authority of Public Revenue, the amount of taxes Greek taxpayers did not pay to the state during just the first 59 days of 2019 came to the staggering sum of...

Police Arrest Greek Shipowner Alexandros Agoudimos for Unpaid Taxes

Greek shipowner Alexandros Agoudimos was detained on Thursday evening after officers discovered he had been convicted of tax-related crime. The shipowner was apprehended following a random check by the Greek police's DIAS motorcycle unit on Akti Posidonos in Piraeus. Police booked...

Greek Unpaid Taxes at 90 Bln and Rising

In April, outstanding tax debt to the state rose by 700 million euros, reaching 4.332 billion euros. The amount is expected to increase to even greater levels when the next single property tax (ENFIA) installment is due. Total revenue debt,...

Casino Loutraki Operations Suspended Due to Unpaid Taxes

The Finance Ministry suspended the operation of Casino Loutraki at 08:00 am on Thursday since the Casino failed to pay 2 million euros in taxes. The management of the Casino referred to a "ritualistic" act adding that they cannot bear...

Top Greek Businessman Pays €1.8 Mln After Arrest for Unpaid Taxes

One of Greece's top businessmen, Ellaktor Managing Director Leonidas Bobolas, appeared before a public prosecutor after his arrest by the Financial Crime Unit today, accused of major tax evasion but was subsequently released after paying the sum of 1.8 million euros,...

Greeks Unpaid Taxes Soar $1.04 Billion

The onslaught of continuing big tax hikes in Greece has backfired again with the Finance Ministry reporting overdue payments from citizens jumped 800 million euros ($1.04 billion) in March, bringing the total outstanding to more than 2.17 billion euros...

Police Arrest Man for 62.3 Million Euros in Unpaid Taxes

Greek police arrested a 42-year-old man in Athens for non-payment of taxes amounting to 62.3 million euros ($81 million), in an effort to clamp down on tax evasion. The unidentified man is a company chief executive officer, according to a...

Police Arrest Woman for EU48 Million in Unpaid Taxes

Police arrested a 35-year-old woman in Thessaloniki, for non- payment of taxes amounting to 48 million euros, in an effort to clamp down on tax evasion. The woman operated a clothing company between 2006 and 2010, according to a statement...

Reichenbach: Greece Has €60 Billion In Unpaid Taxes

Greece has €60 billion in unpaid taxes, said an EU Task Force, headed by Horst Reichenbach, who highlighted fighting against tax evasion as one of the top priorities of the team. But the probability of collecting most of this sum...

Unpaid Taxes in Greece Near $1Billion Monthly

The decrease in salaries and pensions, as well as the increased taxes imposed during the last four years, have resulted in the Greeks’ inability to meet their tax obligations. In January alone, citizens’ fell almost 1 billion euros further...

Unpaid Taxes Up by 809 mln in September

The amount of taxes that have not been paid by Greeks rose by 809 million euros in September, taking the total of new taxpayers' debts for this year to 6.1 billion euros. Taxpayers now owe a total of 59.6 billion...

Greece Still Among Eurozone States With Very High Taxes on Consumption

According to a recent study conducted by the ''Tax Foundation'' think tank, Greece is still among those Eurozone member states that impose the highest taxes on consumption. Taxes on consumption are traditionally the highest in Europe, but after ten years...

One in Two Greeks Unable to Pay Taxes Due

Greek taxpayers are drowning in debt as half of them are unable to meet their tax obligations, according to an Imerisia newspaper report. Higher taxes along with wage and pension cuts and raises in prices of goods have left Greek...

Shocking Spiral of Unpaid Debt: Another 800 Million Euros Added to the Bill

Tax Office data shows that unpaid tax obligations are expected to reach 7.618 billion euros from January to July. Each month, foreclosures increase while more tax payers are crushing under the burden as they enter the state's "black" list. Data...

Greek Unpaid Debt to State Funds at 50% of GDP

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...