When tax authorities recently surveyed the returns of 150 doctors with offices in the trendy Athens neighborhood of Kolonaki, where Prada and Chanel stores can be found, more than half had. A press representative from the Greek prime minister's office told CNBC that the document was "likely" to be official, but was unable to say so for sure. A deal between cash-strapped Greece and its lenders over reforms is apparently "close," but differences over the detailand questions over whether they can be reconciledstill remain. We were busy going over forms, checking on those who pay taxes, not those who didnt., https://www.nytimes.com/2010/05/02/world/europe/02evasion.html. From the United States to Germany, and from Italy to Bulgaria, there are small businesses and many freelancers that fail to accurately declare their true income to authorities. This appears to bechanging, however. The amount depends only on the surface of the pools and is paid annually, along with the rest of the taxes, usually in 5 instalments. Speaking of the doctors in the Kolonaki neighborhood who claimed small incomes, he said, they may have just opened their practices or bought real estate there with help from their parents. The trio use a novel technique to calculate levels of tax evasion in Greece. Indeed, the OECD calculated that Greeces tax burden in 2014 increased from 34.4% to 35.9%. For comparison, the United States was put at 7.8 percent. According to Le Parisien newspaper, an average pool of 30 sq m (322 sq ft) is taxed at 200 (170) a year. There areseveral other tricks companies use to avoid paying VAT and fraudulently reducing declared profits. Over the past decade, Greece actually lost ground in collecting taxes, even as the economy was booming. 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. isEEARegionCheck(); "It's not just lavish marketing and READ THE REST, After Vince McMahon's litany of sexual misconduct and misuse of company funds allegations became public last year, WWE's board of directors insisted that the once and future chairman shouldresign from READ THE REST, We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. The document proposes hiking taxes on luxury items such as planes, helicopters, gliders and swimming polls to 13 percent from 10 percent. At the same time, however, during the crisis, direct tax rates increased, and new direct taxes were also introduced(solidarity tax, Single Property Tax-ENFIA), which softenedthe states losses but increased the tax burden for everyone -primarily for the poor. } var foresee_enabled = 1 It is a mess.. The tax administration is planning to uncover undeclared swimming pools across Greece with the use of aerial photographs taken by Google Maps and the electronic cross-checking of the findings with the data from the land register and the E9 tax form. But what we have got now is not simplified. In the early days of the economic crisis here, Greek officials optimistically predicted that tax collection would soon improve. Pushing, shoving and angry words followed, and eventually the frightened inspectors were forced to flee. The great majority of revenue from income taxes came from them. CMC Markest analyst Michael Hewson said there were hopes that enough common ground could be found to be able to see the IMF debt "either paid on time or at least deferred without too much fuss and rolled up into the remaining repayments later this month, in the almost certain probability that a deal can't be concluded this week. We have a basis to discuss them and this is the optimistic thing out of the discussions," he said. "This is the last effort and it seems the President of the Commission will try to find a solution with Mr Tsipras. Our forum rules are detailed in the Community Guidelines. It is clear that this complexity makes operating the tax collection mechanism exceptionally difficult. Yet only 324 households in those areas had ticked the box on their income tax forms admitting to pool ownership. This is not true only in Greece tax evasion is a universal phenomenon. (function() { VAT evasion at 5.35 bln euros | eKathimerini.com There is a truth that is more or less valid throughout the world: the self-employed and small businesses avoid paying theirtaxes. Tax evasion in Greece is a difficult, structural problem of the Greek economy. And, of course, among all this complexity, there existopportunities and incentives for corruption. Among the measures included in the bill are job cuts for school guards, municipal police and other local government posts. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Greek Wealth Is Everywhere but Tax Forms - The New York Times Swimming Pools, Intex Swimming Pools, Coleman Swimming Pools; Additional site navigation . In flagrante | The Economist Over the past decade, Greece actually lost ground in collecting taxes, even as the economy was booming. 'cag[device]' : 'mobile-touch' , A lot of Greeks, he said, listed luxury cars as company cars, a practice that would be challenged in the future. 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. }; Thisis considered an exceptionally high rate, much higher than the ratesin over-taxed Greece (personal income tax in 2012 was calculated at 38%, for example). "true" : "false") + "; expires=" + d.toUTCString() + "; path=/"; var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+.
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