Greece

Greece is known for having a shadow economy, or an underground economy where people buy undeclared or illegal products and services. In recent years the shadow economy in Greece accounts for around 24-25 percent of the economy, one of...

Two tax officers, disguised as tourists, met with a Greek canteen owner in Trikala and asked to check his books. His response resembles nothing of the usual reception that tax officials have received in the past that have been a...

The Greek government is to proceed with confiscations of bank accounts and real estate for about 55% of debtors to the state aiming to raise 5 billion euros. The ministries of finance and labor and their respective collecting agencies turn...

The Greek government has to impose 1.5 billion euros in taxes in order to unlock the next loan tranche and the multi-bill was tabled in parliament on Wednesday. Greek lawmakers have to read the 284-page omnibus bill in three days...

The Greek government proposed to creditors new taxes and levies on cars, fuel, real estate, mobile telephony, internet connection and cable television in order to close fiscal gaps until 2018. Athens needs to achieve a primary surplus of 3.5 percent...

Blatant corporate and personal tax evasion contributed to Greece’s debt crisis, but it's dwarfed by the tax avoidance of U.S. multinationals operating in countries like Australia.

The first income tax installment is expected to be emailed to all Greek tax payers until the end of July. According to the Finance Ministry, tax payers are obligated to print the bill for the taxes they owe through taxisnet.gr...

  There are 2,653,032 Greek taxpayers who are drowning in tax debts as they cannot afford to pay the increase in taxes. As a result, the amount of the overdue debt obligations from January 1, 2013 to January 31, 2014...

With Greece being pressed by its international lenders to find ways to fill a looming budget hole of as much as 2.9 billion euros ($3.9 billion) with more cuts or taxes, the government is collecting less than half of...

Greek Prime Minister Antonis Samaras and his coalition partner Evangelos Venizelos agreed on Wednesday that the government should make changes to its property tax bill in a bid to overcome opposition from their MPs but faced the prospect of...

Following a report from Greece’s creditors that shows tax collections are far off course despite big tax hikes, the International Monetary Fund has warned that unless revenues rise and tax cheats are caught that the government will be forced...

Despite big tax hikes as part of austerity measures demanded by international lenders, tax revenues fell precipitously in January, with the Greek Finance Ministry reporting a 16 percent decrease from a year earlier, and a loss of 775 million...

Raising taxes is supposed to be antithetical to Republicans and Greece’s New Democracy Capitalists who usually pin that on Democrats and the Left. But it wasn’t surprising when, instead of going after tax evaders who owe their beloved country $70...

Conceding that Greece can’t deal with tax cheats alone, the government is going to bring in tax experts and analysts from other European countries to help stem the runaway problem which has cost the country more than $70 billion. The...

Analysts from Alpha Bank, in a weekly release of financial developments, have blistered Greece’s tax services for failure to perform properly and said that people who pay taxes are unfairly bearing the brunt of the country's economic crisis. They said...