Greek tax authorities use Google Maps to reveal undeclared swimming pools 'path' : '/id/100875192' , document.getElementsByTagName("head")[0].appendChild(script); Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. You must complete an income tax return in Greece if your annual income is over 3,000. In a recentdiaNEOsis opinion poll, respondents seemed to agree: 85,5% stated that they consider tax evasion to be equivalent to theft. Tsochantzopoulos has denied wrongdoing. Large corporations cannot, as a rule, use such means to avoid taxes, so they appear to pay the majority of taxes declared by legal entities in the country. On April 7, 2000, Papanicolaou and Irish lawyer Ivor Fitzpatrick created a Cook Islands company called Christina GP Limited. const EEA_REGION_COUNTRY_CODES = ['AT', 'BE', 'BG', 'HR', 'CY', 'CZ', 'DK', 'EE', 'FI', 'FR', 'DE', 'GR', 'HU', 'IS', 'IE', 'IT', 'LV', 'LI', 'LT', 'LU', 'MT', 'NL', 'NO', 'PL', 'PT', 'RO', 'SK', 'SI', 'ES', 'SE', 'CH', 'TR', 'GB']; For years, economists have pointed to rampant tax evasion as one of the countrys most serious problems, depriving the government of money it badly needs. . In any case, though, the wise thing to do is hire a professional to handle your cases. The Greeks last night agreed to send a compromise on how to solve the few outstanding issues. Get this delivered to your inbox, and more info about our products and services. The documents, the largest cache of offshore data ever gathered and analyzed by a media organization, reveal the inner workings of offshore jurisdictions and the activities of real owners behind anonymous offshore companies. The tax is calculated as a percentage on the rents received. Harry Karanikas is a reporter for the newspaper Ta Nea. They are so furious at what they see, she said. They discovered a total of 16,974 swimming pools. The percentage of workers in large businesses(with more than 250 employees) is just 13% in Greece, compared to 33% in the EU. Greece Bailout To Tax Its Ability To Collect Taxes - NPR "While both sides remain in disagreement over some key issues, progress does seem to be being made," he said in a note, but added that as there was still some way to go he "refused" to get too optimistic. According to court records, Harris invested nearly 145,000 ($130,000) in the boat and gave 14.3 million ($13 million) as a loan in exchange for a 4 percent share in the partnership. In the early days of the economic crisis here, Greek officials optimistically predicted that tax collection would soon improve. In the meantime, Harris made news in Ireland in 2008 for winning a court judgment of 9 million in income tax refunds, a decision that upheld his deduction for his expenses in buying and remodeling of the Christina O through the Cook Islands limited partnership. During the crisis, citizens pay around the same direct taxes that they paid before, despite the fact that they have much lower incomes than before. It has to do with the economy's structure, the high number of self-employed workers, the small average size of companies. Many of the Greek-owned companies in the ICIJ data are incorporated in the British Virgin Islands (BVI), a chain of coral and volcanic islands in the Caribbean. The paper quoted a senior finance ministry official as saying too much time had been wasted on investigating past fraud and that the focus should now be on new cases. Athens failed to deliver on a June deadline to place 12,500 state workers into a "mobility scheme", under which they are transferred or laid off within a year. Greece has entered into DTTs with the following countries, providing beneficial income tax provisions compared to internal income tax legislation: Albania, Armenia, Austria, Azerbaijan, Belgium, Bosnia-Herzegovina, Bulgaria, Canada, China, Croatia, Cyprus, the Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Hungary, var _qs = window.location.href; The Greek documents ICIJ analyzed are part of a trove of 2.5 million secret offshore files . }); The roots of the Greek tragedy: bloated bureaucracy and tax evasion Greece's gov't budget is about 120 billion these days . © 2023 Dianeosis. mps.cloneAd = function() { return false; } Both the European Union and the OECD have developed tools to fight tax evasion, andthere is a rich history of policies fighting the problem in other countries, which is worth studying. Greek citizens who own or direct offshore companies in the British Virgin Islands and other tax havens rarely declare them to Greek tax officials, an International Consortium of Investigative Journalists' review of more than 100 companies shows.
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