Tags Tax Evasion

Tag: Tax Evasion

VAT Revenue Drops on Popular Greek Islands

Value added tax revenues dropped by 40 percent on the most popular tourist islands in the first five months of the year, according to...

Tax Evasion in Greece Estimated at 6-9% of GDP, Say Independent Analysts

Tax evasion in Greece is estimated to range between 6 to 9 pct of the country’s GDP, which is equal to up to 32...

Greek Finance Ministry Drafts Bill to Promote Use of Plastic Money

The Greek Finance ministry is drafting a new bill soon to be tabled in parliament that would offer tax benefits to people who use...

Authorities to Have Access to Assets of Greeks in 100 Countries

As of 2017, Greek tax authorities will allegedly have access to assets of Greek citizens in 100 countries, including tax havens such as Switzerland. According to...

Greek MPs Can Own Off-Shore Companies in New Omnibus Bill

Weekly Greek newspaper, Proto Thema, revealed that article 178 of the omnibus bill passed through in Greek Parliament on May 22 permits government ministers...

Greek Shadow Economy Unchanged at 25% of GDP for Past 15 Years, According to...

Greece’s shadow economy is estimated to have averaged at 25% of GDP in the last 15 years, which means that economic activity equal to...

New Bill Opens Door to Tax Evasion, Despite Tax Avalanche in Greece

Despite the fact that the Greek government burdened the already tax-laden citizens with more taxes, a new bill opens the door to tax evasion. The...

Greek Businessmen Find Trick to Circumvent Capital Controls and Evade Taxes

  Some Greek businessmen have found a way to circumvent capital controls and evade taxes using P.O.S. machines connected to foreign bank accounts. The business owners...

Several Greeks on ‘Panama Papers’ Lists

The famous "Panama Papers" list includes 223 companies and 400 beneficiaries directly linked to Greece. The International Consortium of Investigative Journalists (ICIJ) that has examined...

Ongoing Tax-Evasion Investigation Continues With Important Meetings

On Friday, Greek public prosecutors said they were given additional evidence to use in an ongoing tax-evasion investigation by former HSBC employee and whistleblower Herve...

Greece Continues to Have a Serious Tax Evasion Problem

Greek government authorities assigned with the responsibility to combat black money have identified over 3,500 cases of tax evasion which amount to over 5...

Current Greek Government Seems Determined to Go After Tax Evaders, Borjans Says

Norbert Walter-Borjans, Finance Minister of the State of North Rhine-Westphalia, has revealed that he actually offered his assistance in tax-related matters to the government...