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Tag Archives: tax evasion

Tax evasion: state ‘steals’ the state

That’s a true LOL story Made in Greece! The Culture Ministry has been systematically evading taxes for years or even decades or better say: state institutions have been depriving  the state from tax revenues. The incredible tax evasion was revealed at the museum of the the archaeological site of Knossos …

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Greece’s Anti-Corruption Minister: 3.5K cases of tax evasion totaling €7bm

Yup. Greece has a Minister assigned to combat corruption. Since January 27th 2015. His name is Panagiotis Nikoloudis, former prosecutor for cases of money laundering. In Greek coalition government Nikoloudis has the duty not only to find out cases of corruption but also to collect the fines and penalties from …

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FinMin Stournaras saw the light before elections: “It’s time for the rich to pay”

Incredibly short before the elections, Finance Minister Yiannis Stournaras saw the light. Two years after running Greece’s finances, Stournaras realized that it was the employees and pensioners bearing the load of over taxation and coming up for the obligations of the debt-ridden country. “It’s time for the rich to pay,” …

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Greek absurdity: exorbitant tax fines can punish a €4-debt with a €43K-fine

Dozens of accountants and tax advisers took to the streets of downtown Athens on Friday to protest the tax law that imposes exhaustive fines for errors and omissions in tax declarations, delays in Value Added Tax payments and other mistakes that could occur due to ‘human errors’. Some 300 protesters …

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1:3 Greek public hospital doctors have huge assets – tax free –

Surprise? Certainly not! Every Greek and foreigner living in Greece has been known for years, in not for decades, that one has to put several banknotes in an envelope (fakelaki) and discretely hand it to the doctor of a public hospital. Now the financial Crimes Units (SDOE) have found out …

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Ex PASOK Defense Minister could face charges for alleged tax evasion of 3 million EUR

After former PASOK minister Akis Tsochatzopoulos, another former PASOK minister, another former Defense Minister could appear before justice. Yiannos Papantoniou could face charges for the alleged tax evasion of 3 million euro, Greek media report on Thursday. Yiannos Papantoniou had also served as Minister of Finance and Economy. Former Defense …

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EU Task Force report: Rehn, Reichenbach & the other kids are pleased with Greece

Hurray! Our Lenders & Masters are pleased with us! Yes, us, the lazy and tax evading Greeks. Our Lenders & Masters are pleased with the progress we have made. Oh wait! EU Monetary affairs Commissioner Olli Rehn did not say that exactly. He said instead: “We are seeing encouraging signs …

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There is no news; or better say: there is nothing new

There are no news to report about. Because all news are not new. It”s just taxes and wildfires – a usual phenomenon in summer. And non-stop decisions by the Greek finance ministry. 1000+1 ways how to combat tax evasion. And that’s no new too. the latest since 2010 Greece tries …

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Three years in IMF, there are still tax “untouchables”: the caste of Greek millionaires

Three years after Greece sought the money of IMF and drained every employee, pensioner and property owner with unbearable taxes, Finance Minister Yiannis Stournaras openly admits: there is still a caste of people the tax authorities do not dare to touch. People with millions in the bank who declare income below …

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