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taxes

Only The Rich in Ancient Athens Paid Taxes – And They Bragged About it

In ancient Athens, only the very wealthiest people paid direct taxes, and these went to fund the city-state’s most important national expenses—the navy and honors for the gods. While today it might sound astonishing, most of these top taxpayers...

Has Elon Musk Paid the “Most Taxes Ever in History”?

Tesla CEO Elon Musk has made a number of unusual and even outlandish claims over the years, but his claim that he would "pay more taxes than any American in history this year" ruffled some feathers. Is this claim true?...

Credit Suisse Leaks Indicate Clients Had Corruption, Drug Trafficking Ties

Credit Suisse managed accounts for clients involved in corruption and drug trafficking, Sunday's "Suisse Secrets" data leak showed. A self-described whistle-blower leaked data on more than 18,000 bank accounts, collectively holding more than $100 billion, to the German newspaper Süddeutsche...

Greece to Reduce Property Tax by 13%

Greece's PM Kyriakos Mitsotakis announced on Wednesday that he plans to permanently reduce the unpopular property tax, ENFIA, by 13 percent. "We are moving forward to a new brave permanent reduction of ENFIA by 13%. We continue to cover part...

Elon Musk Announces He Will Pay Over $11 Billion in Taxes This Year

Elon Musk announced via Twitter on Monday that he will be paying over $11 billion in taxes for 2021. "For those wondering, I will pay over $11 billion in taxes this year," Musk wrote. Half a million people have since...

How the Super Rich Paid Taxes in Ancient Greece

Taxation in ancient Greece was much different than any modern system. It's difficult to imagine now, but in ancient Greece, the richest of the rich actually competed to pay the most in taxes. Direct taxation paid to the government at...

Tax Havens: Why the G-7 Effort to End Them is Unlikely to Succeed

Tax havens are characterized by applying a tax regime that is especially favorable to non-resident citizens and companies.

Greece Busts International Cigarette Smuggling Ring

Authorities have seized 338 million illegally smuggled cigarettes at the port of Pireas, Greece according to an announcement on Friday. 

Greece to Lower Taxes and Social Security Contributions for Some

Greek Prime Minister Kyriakos Mitsotakis announced on April 22 five measures to lower taxes and social security contributions for the country, effectively a reversal of tax hikes imposed by the previous government. They are aimed at individual entrepreneurs, legal entities, businesses,...

Greece Courts Foreign Taxpayers with 50% Income Tax Discount

In an attempt to convince foreign taxpayers and Greeks living abroad to move their tax bases to Greece, lawmakers have presented a new bill to Parliament on Tuesday that would offer foreign taxpayers a 50% discount on their income...