Monday, May 2, 2011

Greece to Crack Down on Tax Evasion

Wall Street Journal
May 2, 2011

The Greek government outlined Monday a three-year plan to crack down on chronic tax evasion, hoping it will bring €11.8 billion ($17.46 billion) in additional revenue by 2013.

"Tax evasion is a heavy crime against the country and one of the most serious forms of social injustice," Finance Minister George Papaconstantinou said at a news conference.

The government is pushing through a raft of new measures to overhaul its dysfunctional and sometimes corrupt tax system, some of which have been implemented already.

The measures aim to use technology more effectively to stop tax evasion, reduce the scope of corruption in tax audits, and make tax collection more effective.

More

No comments: