About 1.8 million tax payers and businesses suspected of tax evasion

22 August 2016
27 Views

The Ministry of Finance has finalized an ambitious plan to tackle tax evasion which will use data supplied by banks and tax offices in conjunction with information drawn from social media accounts.

About 1.8 million tax payers and businesses in Greece are suspected of tax evasion, based on information drawn from a variety of lists (such as the infamous Lagarde list), the recent Panama Papers leaks and formal complaints.

In an effort to address the major tax evasion problem and increase public revenue, the Ministry will launch a risk analysis for each of these suspected tax payers, in order to determine whether to further investigations and carry out an audit. The whole process will take place within 24 hours.

Aside from tax and bank data the Ministry will also be examining any profiles on social networks (such as Facebook and Instagram) to determine whether the tax payers under investigation are flaunting any undeclared assets or sources of wealth.

You may be interested

Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets
FINANCE
shares1 views
FINANCE
shares1 views

Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets

Panos - May 23, 2017

The odyssey of Greece and its economic crisis has taken a positive turn in recent months, and hedge funds are…

94% Russians have never visited Greece
GREECE
shares20 views
GREECE
shares20 views

94% Russians have never visited Greece

Panos - May 23, 2017

Greek tourism has great growth potential regarding the Russian market, according to a study conducted by Russian NGO Levada Center.…

Reuters: French finance minister sees overall deal on Greece in June
FINANCE
shares32 views
FINANCE
shares32 views

Reuters: French finance minister sees overall deal on Greece in June

Panos - May 23, 2017

May 23 France is confident that Greece and its international lenders can reach a deal on additional measures of debt…

Leave a Comment

Your email address will not be published.