Pawnshops and gold trading stores have flooded Athens and smaller Greek cities, and it was about time for the financial police to check their legitimacy. The statistics about Attica’s stores reports almost one out of four operates legally. To break down numbers, about 1,200 pawnshops and gold trading outlets have a license. On the contrary, about 1,3oo operate [...]
Tag Archives | Tax Evasion
Greece’s Tax Evaders Aren’t Going to Jail Soon
ATHENS – A much-vaunted crackdown on tax evaders recently in which more than 100 were arrested has run into a common obstacle in the Greece justice system: court backlogs and bureaucratic delays have prevented prosecution with the prospect that decisions against many alleged tax cheats could be delayed for years and that others will be [...]
Tax Evader Owes Greek State 952 Million Euros
Number One on the debtors list to the Greek state is Nicolas Kassimatis, a 57-year-old accountant and VAT collector from Thessaloniki with a tax debt of 952 million Euros and previous conviction of tax-related crimes, reported the General Post with the help of Yiannis Koutsomitis. The names of more than 4,000 tax evaders, who each [...]
Economic Prosecutors Peponis and Mouzakitis Remain in Position Until Further Notice
Prosecutors heading the judicial task force charged with fighting tax evasion, Grigoris Peponis and Spiros Mouzakitis have been called by the supervising economic prosecutor Nikolas Pantelis at Areios Pagos earlier today. The two men submitted a memorandum to deputy prosecutor Fotis Makris, which included names and addresses of those who have allegedly tried to interfere [...]
Fakelaki, Rousfeti and the 4-4-2 System
While the Greek Finance Minister Evangelos Venizelos appears to be shocked with Mr Diomidis Spinellis’ declaration that Greek tax officers, play the 4-4-2 football system a.k.a tax evader gets a discount of 40 per cent on the agreed fine- tax official pockets another 40 per cent and the state receives only the remaining 20 per [...]
Former General Secretary of Greek Finance Ministry Says Entrenchment Cases Give Boost to Tax Evasion
The former General Secretary of Information Systems of the Greek Finance Ministry, Diomidis Spinellis talked about corruption in Greece and the ’4-4-2 system’ (or 40%-40%-20%) that is a common secret in the field of tax evasion in Greece. According to this system, that is a reference to football strategy, you split your tax payment with [...]
Greek ‘Guru of Fashion’ Lakis Gavalas Arrested for Tax Evasion
Greece’s most famous fashion designer, Lakis Gavalas, was arrested on Friday night in Athens. Greek media reported that Gavalas was the most wanted state debtor for almost a week. Lakis Gavalas owes 1,4 million euros worth of VAT tax and he knew the Financial Crimes Unit (SDOE) was after him. The arrest was finally executed [...]
Greece: Where the Poor Have Yachts and Helicopters
Even as the Greek Finance Ministry failed to meet yet another vow to release the names of individual[...]
Alter Channel CEO Costas Yiannikos Set Free
Prosecutor and Attorney General released Alter TV Channel CEO and major shareholder Costas Yiannikos with the legal restraint not to leave the country. On November 23, Mr. Yiannikos was charged with tax evasion estimated at about 1.2 million euros for the period between March and October 2011. According to his attorney Mr. Elias Anagnostopoulos, the [...]
Alter Channel Shareholder Yiannikos Arrested for Tax Evasion
One of the major shareholders of Alter TV channel Mr. Costas Yiannikos was arrested Monday for an overall debt of 1.200.000 Euros towards the Greek state. The Police arrested Mr. Yiannikos just after 5:30pm in the Voula region of Athens. The arrest was conducted after the successful cooperation between officers from the Attica Police Department [...]
Greece’s Biggest Tax Evader Owes $118 million
ATHENS – It took threats to investigate Finance Ministry officials who refused to release a list of Greece’s biggest tax evaders who owe the struggling country $56 billion, but a public prosecutor now knows who they are, including number one, an as-yet unidentified civil engineer implicated in a scheme to fix trials in Greece’s courts. [...]
Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter
Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
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