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tax evasion

Former General Secretary of Greek Finance Ministry Says Entrenchment Cases Give Boost to Tax Evasion

The former General Secretary of Information Systems of the Greek Finance Ministry, Diomidis Spinellis talked about corruption in Greece and the '4-4-2 system' (or 40%-40%-20%) that is a common secret in the field of tax evasion in Greece. According to...

Greek 'Guru of Fashion' Lakis Gavalas Arrested for Tax Evasion

Greece’s most famous fashion designer, Lakis Gavalas, was arrested on Friday night in Athens. Greek media reported that Gavalas was the most wanted state debtor for almost a week. Lakis Gavalas owes 1,4 million euros worth of VAT tax and...

Greece: Where the Poor Have Yachts and Helicopters

Even as the Greek Finance Ministry failed to meet yet another vow to release the names of individual[...]

Alter Channel CEO Costas Yiannikos Set Free

Prosecutor and Attorney General released Alter TV Channel CEO and major shareholder Costas Yiannikos with the legal restraint not to leave the country. On November 23, Mr. Yiannikos was charged with tax evasion estimated at about 1.2 million euros for...

Alter Channel Shareholder Yiannikos Arrested for Tax Evasion

One of the major shareholders of Alter TV channel Mr. Costas Yiannikos was arrested Monday for an overall debt of 1.200.000 Euros towards the Greek state. The Police arrested Mr. Yiannikos just after 5:30pm in the Voula region of Athens. The...

Greece’s Biggest Tax Evader Owes $118 million

ATHENS – It took threats to investigate Finance Ministry officials who refused to release a list of Greece’s biggest tax evaders who owe the struggling country $56 billion, but a public prosecutor now knows who they are, including number...

Greek Tax Changes that will Make Your Wallet Lighter…a Lot Lighter

Greek tax legislation changes resemble pretty much Latin American soap opera episodes[...]

SDOE Examines Unexplained Bank Deposits of Millions of Euros

According to an article in the Greek newspaper “Ta Nea”,  the Financial and Economic Crime Unit (S.D.O.E) examine bank deposits of millions of euros. SDOE discovered people whose bank deposits were over 70 million euros in total and could...

University Professors Owe 500,000 Euros for Tax Evasion

According to an article in the Greek newspaper “Ethnos”,  the Financial and Economic Crime Unit (S.D.O.E) is conducting researches all over the country for tax evasion in universities after the scandal involving 60 professors from the University of...