How do Greeks manage to evade taxes? tagged: , , , , , , ,

How do Greeks manage to evade taxes?

Posted by keeptalkinggreece in Economy

How do Greeks manage to evade taxes? I don’t talk about the little sneaky man around the corner, the plumber or the similar companions, who refuse  to issue a receipt and give the state what belongs to the state: Income Taxes and Value Added Taxes.

I am talking about the big tax evaders, who seem to follow a well thought practice: They declare their companies in Greece as bankrupt, after  they have managed to transfer their assets in bank accounts abroad.

Greek newspaper Eleftherotypia reported in its Sunday edition that 15,000 – 20,000 taxpayersare under close investigation by Finance Ministry detectives, as there seem to be a huge gap of some millions of euros between their income declaration and their real assets.
 
A FinMin team is searching ways to implement a control mechanism and open the bank accounts of thousands of  people, mainly lawyers and doctors.
 
Undeclared luxury yachts, real estate properties, and millions of euros deposited in bank accounts do not seem to match with their income declaration.
 
Furthermore, the newspaper stressed that  an unidentified number of companies have
- supplied public administration bodies with “overcharged goodies”, pricing them multiply than in other European countries through ‘mysterious’ transactions and fictitious invoices.
 
- have declared bankruptcy while transferred millions of euros in bank accounts abroad.
 
The Finance Ministry aims to collect more than 1,6 billion euros from these tricky Greeks.