Legal uncertaintyfor taxpayers and employees of the tax administration, The lack of political will to address theproblem, Structural distortions of the Greek economy. It includes a series of undeclared hidden secret activities that range from smuggling, to private lessons, to casual restaurants that do not issue receipts. if (result && result.geo && result.geo.country_code) { The next day, it asked Parliament to extend the statute of limitation on tax evasion by two years. bring in around 24 billion. Athens secured a lifeline from its euro zone partners and the International Monetary Fund on Monday, but the aid will be drip-fed to ensure it carries out unpopular reforms, including job cuts to shrink its public sector. Documents obtained by ICIJ reveal that the single shareholder behind the mysterious entity was Apostolos Vakakis, chairman of the retail conglomerate Jumbo SA, one of Greeces largest companies. Vakakis did not answer detailed questions sent to him by ICIJ, but he said in an email: I have declared officially all without exception my transactions that should be announced in public, as provided by relevant Greek legislation.. The roots of the Greek tragedy: bloated bureaucracy and tax evasion It appears that, up until the first few years of the crisis, it was generally the rich who were bearing the county's tax burden. // execute With its canopied decks and marble bathtubs, the 325-foot Christina O yacht symbolizes an era in Greece. It is commonly believed that by now taxes in Greece are exceptionally high. And who are these rich? Read the rules you agree to by using this website in our Terms From EUR 20,001 to EUR 30,000. None of the Cook Islands entities created by Papanicolaou and Fitzpatrick to acquire and remodel the yacht appear in the list of Greek-owned offshore companies maintained by the Ministry of Finance. (function(){
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