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tax evasion

Self-Employed Greeks Cry Poverty to Evade Taxes

A report from the Greek Finance Ministry has found that while many Greeks have been hit with pay cuts, tax hikes and slashed pensions during a crushing economic crisis, that most self-employed businesspeople are declaring low incomes, including below...

Greece, Switzerland Near Deal on Tax Evasion Treaty

After long negotiations, Greece and Switzerland are reportedly set to sign an agreement that would give the ailing Greek government access to information about accounts held in Swiss banks by Greek citizens. The document was detailed in the the German...

Der Spiegel Says Hydra Residents Besieged Tax Inspectors

After a crackdown on tax evasion on Greek islands showed as much as 100 percent in flagrant violations, a sweep by tax inspectors on the popular Hydra, which attracts many wealthy visitors, led to the arrest of a tavern...

Greece Probes 13 Civil Servants Who Banked $30 Million

ATHENS -Tax inspectors said they've identified 13 civil servants who have a combined $30.7 million in undeclared bank deposits as part of a new crackdown on tax evasion, although previous efforts have failed to yield any high-level prosecutions. Their names...

Record Rates of Tax Evasion on Greek Islands

Extremely high rates of tax evasion were uncovered by the Greek financial crimes squad SDOE during inspections carried out on islands and other summer resorts, the finance ministry revealed as reported by Athens News Agency. Figures released by the ministry,...

Tax Agents in Greece Advised to Forget About Summer Vacations

"Now is the time to fight" was the message by the deputy Finance Minister Yiorgos Mavragiannis to the heads of the 30 major Tax and Customs offices of the country, which collect 80% of tax revenues, according to newspaper...

ΝΥ Τimes Report: Economic Crisis Brings Insecurity to Wealthy Greeks

One of the biggest economic problems in Greece is tax evasion. Not only did ordinary people do their best to avoid paying some or even all of their taxes, but also the rich and prosperous were expanding their fortunes...

SDOE Says Majority of Gold Trading Stores in Athens are Illegal

Pawnshops and gold trading stores have flooded Athens and smaller Greek cities, and it was about time for the financial police to check their legitimacy. The statistics about Attica's stores reports almost one out of four operates legally. To break...

Greece's Tax Evaders Aren't Going to Jail Soon

ATHENS – A much-vaunted crackdown on tax evaders recently in which more than 100 were arrested has run into a common obstacle in the Greece justice system: court backlogs and bureaucratic delays have prevented prosecution with the prospect that...

Tax Evader Owes Greek State 952 Million Euros

Number One on the debtors list to the Greek state is Nicolas Kassimatis, a 57-year-old accountant and VAT collector from Thessaloniki with a tax debt of 952 million Euros and previous conviction of tax-related crimes, reported the General Post...