For Greek elite, the taxman cometh

ATHENS – As Greece’s colossal debt problems weigh on the global economy, its wealthy have become famous for their brazen unwillingness to pay taxes.

By some estimates, a third of Greek taxes go unpaid, amounting to $20 billion or more. At least half of the country’s budget shortfall could be eliminated if only the government could collect these revenues.

So, in addition to enacting the harsh budget cuts that are triggering unrest among the working class, Greek authorities are deploying novel methods to smoke out tax dodgers.  Read More

Posted in: News