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Task Force Urges Greece to Improve Tax Collection December 15, 2011

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis.
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Hey, like we did not know about it! But here is an excerpt from this NYT article: “There is a backlog of 165,000 pending tax cases, some more than a decade old, representing about half of the total arrears of 60 billion euros ($81 billion), according to a report by the task force charged by the commission with aiding economic recovery in Greece.  About 6 billion to 8 billion euros of that is “considered collectible,” the report said, and provides “scope for possible ‘quick wins’ ”— though Greece still needs to act quickly to modernize its tax system, it added.”

 

Yeap, that’s right: only 13.3% of the total arrears is collectible! Yeap, its our own fault and do have a second look at our earlier post on what George Soros has to say. Then, connect the dots with the scare-mongers/euro-bashers/return-to-drachma-lovers that float around these days and wonder as to whose side they are taking…

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