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What these people have in common is that they are connected to offshore companies that appear to operateunder the radar of taxauthorities at a time when endemic tax evasion is fueling a financial crisis that has devastated Greeces economy and threatened the future of the euro. var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); 1.25inch Diameter Accessory Swimming Pool Pump Replacement Hose - eBay But what we have got now is not simplified. return Object.values(OneTrustCategories).filter((c) => blockedCategories.includes(c)).length > 0; head.insertBefore(mpsload, head.firstChild) For example: The Greek state's annual revenue hoversaround 50 billion. We do not believe you need a Porsche to sell Coca-Cola, he said. This website uses cookies to ensure you get the best experience on our website. Finding Swimming Pools with Google Earth: Greek Government Hauls in Accountants say efforts to overhaul the tax code also have failed. .split(',') ","mainEntityOfPage": "https://www.cnbc.com/id/100875192","headline": "Greece Plans Swimming Pool, Luxury Car Tax ","dateCreated": "2013-07-10T03:23:32-0400","datePublished": "2013-07-10T03:23:32-0400","dateModified": "2013-07-10T03:23:32-0400","author": {"@type": "Person","name": "Reuters"},"publisher": {"@type": "Organization","name": "CNBC","logo": {"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-logo-amp.png","width": 360,"height": 60}},"image":{"@type": "ImageObject","url": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2013/07/10/100875202-139058324.720x405.jpg","width": 720,"height": 405},"thumbnailUrl": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2013/07/10/100875202-139058324.720x405.jpg","articleSection": "Markets","url": "https://www.cnbc.com/id/100875192","keywords": ["Articles","Markets","Economy","World Economy","Europe News","source:tagname:Reuters"]} Taxes on property, gifts and business income in Greece: changes in 2022. const name = ONE_TRUST_COOKIE_NAME; If Greece is ever going to get its public finances in order and escape grinding budget austerity, it will have to do a better job collecting taxes. 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. The islands host about 500,000 active companies, about 40 percent of all the worlds offshore firms. mps._queue.adload = mps._queue.adload || []; Nominees are persons or firms that, for a fee, lend their name so the real company owners in this case Papanicolaou and Fitzpatrick dont have to disclose theirs. But why doesnt the Greek state address the problem of tax evasion? Its just that they dont have lawyers or friends to make phone calls to the politicians for them.. Some of the most aggressive tax evaders, experts say, are the self-employed, a huge pool of people in this country of small businesses. This is asummary of the basic results. Greece's gov't budget is about 120 billion these days . Greece tax rate for corporate and professional income, and employment and pensions income: 2. The most common is the issue of false invoices -a common practice especially in small and medium-sized companies-, which aims to both reduce the income tax and the VAT companies need to pay, as well as showing false losses. 2023 The International Consortium of Investigative Journalists. These measures couldnot all be easily implemented in our country, but some could serve as useful examples.