German Company is Top Tax Evader in Greece



El-VenizelosA German company was found to be the biggest tax evader in Greece. A court in Athens found that Hochtief, the German company that was running the “Eleftherios Venizelos” Athens International airport was not paying VAT for 20 years. It is estimated that Hochtief, will have to pay more than 500 million Euros for VAT arrears. Together with other outstanding payments, like those to social security funds, it might have to py more than 1 billion Euros.

It must be noted that under the “Troika” austerity programme Greek employees lost around 400 million Euros from cuts to their salaries.

Hochtief, which is the biggest German Construction company, specializing in airports, was also running the Athens International airport through a subsidiary until 2013, when it sold it’s share to a Canadian company.
(source: neurope)


7 COMMENTS

  1. Once again the Greek government services prove that they are incompetent and that nothing has changed except to rob those who already paid taxes over the last 40 years the workers on payroll and the retirees.

  2. Don’t you know that it is AIA who will have to pay outstanding VAT – a company owned by the Greek State? So the Greek State will have to take the outstanding VAT from the Greek State! HochTief – a company ruled by its Spanish majority stakeholders was just managing AIA. HochTief owes -0- the the Greek State. Do your homework before starting this idiotic Germany bashing!

  3. sorry for nitpicking but “when it sold its share to a Canadian company.” not “when it sold it’s share to a Canadian company.”

  4. Well, that gramatical mistake must surely void any claims against the company, which, as a nitpicker myself, might more properly be spelled “Hochthief”.

  5. This a company that is here as well .my husband developed the western United States for DRAGADOS .USA . SPAIN . Hochtief is ACS also OWNS DRAGADOS WORLD AND THERE ACQUISITION of Hochtief….and Denver owned Flat Iron .back IN 2011.. They are from Spain …. they are the Not GERMANS they are a huge part OF . Bilderberg ….
    ACS OWNS 798 huge companies…….. AT A CHRISTMAS PARTY IN 2009 ….I was Seated NEXT TO JOSE ANTOINO the President of Dragados usa…. AND HE WAS SAYING HOW THE BASK SPAINish ARE WEIRD BECAUSE THEY ARE ORTHODOX ….BIG MISTAKE ……..his class of wine somehow spilled all over hmmmmm.
    WHEN he heard I was Greek he was saying how much money the GREEKS OWE THEM. …..
    SERIOUSLY BAD !

    .. ALL OF OUR ROADS . Bridges ,water, planets, STREETS…ARE BEING BUILT BY foreign country . They come in and Support Democratic and Republicans with a lot of Money for Lobbyists. Both sides special interests. This is why I find it …..bull shit to support political groups now Greece has a COMMUNIST P.M. who are in the same bull shit system .
    What needs to happen. Is here and there …. Greece your contractors must take this over . Here as well. Enough .
    Hochtief .ACS … bring them to their KNEES. DEVELOP GREEK COMPANIES AND STOP SUPPORTING THESE FOREIGN GROUP . OR TAX THE HELL OUT OF THEM . Same story here . SPAIN SHOULD BE FEARED MORE THAN GERMANY .

  6. They cannot now 2011 ACS TOOK BOUGHT IT OUTRIGHT the debt most definitely is not going to be part of the deal . . THEY ARE AS BAD AS THE GERMANS . GREEKS for the love of God are talented. They need to support there own .

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