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Greek tax collectors accused over bribes January 21, 2012

Posted by proeconomia in Fiscal policy, Main, News on Greece, On the crisis, Opinion.

On our favorite subject, an nice article on the “inside” jobs of Greek tax evasion. The source is Financial Times and here is a neat excerpt (emphasis added):

“Diomidis Spinellis said a standard scale is used at more than 250 tax offices across Greece to handle settlements with wealthy individuals, family-owned companies and self-employed professionals – seen as the country’s biggest tax evaders.

The long-established practice is known as the “40-40-20 deal”, he said. The tax evader receives a discount of 40 per cent on the agreed fine, while the tax official takes another 40 per cent – effectively a bribe. The state receives only the remaining 20 per cent, he said.

Greece loses revenues of €5bn-€6bn annually because of tax evasion, equivalent to 2.5 to 3 percentage points of gross domestic product – more than any other eurozone member, according to the Paris-based Organisation for Economic Co-operation and Development.”






1. Constantina Kottaridi - January 22, 2012

Why am I not surprised???

Why do I have to pay all these taxes to reimburse these criminals?

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