An essential element of Greece’s recovery plan has been to collect more taxes from a population that has long engaged in tax avoidance. The government is owed 45 billion euros in back taxes, tax officials in Athens said, only a fraction of which will ever be recovered.
To understand the difficulty, just talk to Nikos Maitos, a longtime official in Greece’s financial crimes investigation unit.
When he and a team of inspectors recently prowled the recession-hit island of Naxos for tax evaders, a local radio station broadcast his license plate number to warn residents.
Read it all.
Greece Warns of Going Broke as Tax Proceeds Dry Up
An essential element of Greece’s recovery plan has been to collect more taxes from a population that has long engaged in tax avoidance. The government is owed 45 billion euros in back taxes, tax officials in Athens said, only a fraction of which will ever be recovered.
To understand the difficulty, just talk to Nikos Maitos, a longtime official in Greece’s financial crimes investigation unit.
When he and a team of inspectors recently prowled the recession-hit island of Naxos for tax evaders, a local radio station broadcast his license plate number to warn residents.
Read it all.