tax evasion

A rapid increase in elderly people in Greece owing exorbitant debts to the state has been identified, and it is no coincidence, for the latest tax-dodging trick is to file under the code “Businessman, Age 95”. The trick is to set...

Greek Police have arrested five more debtors owing a combined 1.5 million euros to the state. The now infamous DIAS police motorcycle unit tracked down a 48-year-old man owing more than 550,000 euros, and a 45-year-old man from Alimos more than 806,000 euros in arrears. In Kifisia, a...

Hitherto, the consistency with which Greek citizens meet their tax obligations has perhaps not been noted by the rest of the planet as being among their strong suits. However, after many years, recognition of the hellenic talent for fiscal fudging is at...

A top European official expressed his concerns on Tuesday regarding the high value-added tax (VAT) evasion in Greece, which is estimated to amount to 9 billion euros or 4.7% of the country’s gross domestic product (GDP). Within the framework of...

The Greek Ministry of Finance has finally come to a decision about citizens who hide their income sources from tax authorities. It was announced on Thursday, that the new measures approved by the Ministry includes stricter and more expansive...

Greek authorities have found 143 employees of the Finance Ministry who had deposits amounting to 32 million euros in Swiss, German, British and Cypriot bank accounts. The audits began when the Minister of Administrative Reform, Kyriakos Mitsotakis requested the close examination...

The Greek government will be submitting a legislation to Parliament next week,  aiming to recover funds deprived from the state through corruption or other criminal activities. According to the new legislation, those who return stolen funds will be spared prison...

The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt, similar to the one organized in 1952, which will link the debt’s “haircut” with certain...

Although Greece is anxiously seeking revenue, billions of euros binded by the judicial authorities for cases of state corruption and economic crime that could boost Greek economy remain away from the state coffers as there are no settings on the criminal...

The Financial and Economic Crime Unit are investigating German automakers based in Greece. The Greek tax authorities are investigating tax fraud of automakers like Mercedes, Opel, BMW. According to the Director of Financial Crime controls, Floratou, the reason for the...