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tax evasion

Greece at Bottom of OECD Countries in Business Environment, Talent Capitalization

Greece ranks last in business environment and low in talent capitalization among OECD member states, according to a latest OECD report.

Greece, Bulgaria to Swap Tax Evasion Info

One of the major issues plaguing the Greek state for decades, tax evasion, was the subject of talks between the revenue heads of Greece and Bulgaria in Sofia on Monday, according to an Independent Balkan News Agency report. The Greek...

Greece Releases List of Blatant Tax Evasion and Smuggling Cases

The Greek finance ministry on Wednesday tabled in parliament a list of blatant tax evasion and smuggling cases, as an addition to the state budget. The list of major tax evasion cases included countless fake invoices, businesses that were shut...

Ionian Islands ‘Champions’ in Tax Evasion

Official statistics show that the Ionian islands of Corfu, Zakynthos and Kefalonia have earned the rather unflattering title of tax-evasion champions. Figures from the Independent Authority for Public Revenue reveal that in the island of Corfu, for example, 59% of...

High Taxes Cause Drop in Revenues as they Lead to Tax Evasion

The data breakdown from this year's tax returns so far confirm what Greece's finance ministry officials were afraid all along: Declared income from freelancers dropped by 20%, compared to last year. According to a Kathimerini newspaper report, the tax burden...

Greek Tavern Owner Fires in the Air to Scare Tax Auditors

A tavern owner in Volos, Central Greece, fired shotgun shots in the air on Thursday, in order to scare away three tax auditors who fined him 500 euros for a series of tax violations. The three officials entered the tavern...

Business Owner Beats Up Tax Inspectors on Greek Island

A business owner who owns several bars and restaurants on Patmos beat up a tax inspector who visited the island to conduct audits as part of an effort to curb tax evasion in tourist areas. According to witnesses who spoke...

Financial Police Raids at Popular Tourist Resorts Reveal Rampant Tax Evasion, Other Offenses

Financial police inspectors found delinquency rates ranging from 50-100% during raids on major tourist resorts in Greece over the last month, including the cosmopolitan islands of Mykonos, Santorini, Zakynthos and Corfu, the Greek police revealed on Monday. In some cases...

Police Shut Bars, Restaurants on Greek Islands for Tax Evasion

At least three businesses were forced to suspend operations for at least 48 hours due to tax irregularities in popular tourist destinations. Officers of the Independent Authority of Public Revenue are intensifying inspections on businesses during the high tourist season...

Greek State Gets Very Little From Much-Discussed Lagarde and Borjans Lists

The Greek State earned very little from the famous Lagarde and Borjans lists of alleged tax dodgers, instead of the estimated 1 billion euros government officials were claiming to receive. A recent decision of the Plenary Session of the Council...