Sat Sep 10, 2016 11:50am EDT
By Francesco Guarascio and Jason Hovet | BRATISLAVA
Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging.
In the wake of the 'Panama Papers' revelations of widespread tax-avoidance practices, Brussels has toughened up its drive for fairness by tightening controls and adopting stricter rules.
The recent shock multi-billion euro tax demand on Apple (AAPL.O) was part of that trend as the EU also drafts plans for a common corporate tax base and a single European blacklist for tax havens.
Sunday, September 11, 2016
Monday, February 8, 2016
By Nikos Chrysoloras
February 8, 2016 — 2:01 AM EET
On an unremarkable morning on
street in downtown , just a few blocks away from the
epicenter of every riot the city has seen during its recent crisis years, two
men of Asian origin politely and openly hawk cigarettes to passersby. Athens
The illegal packs of R.G.D.-branded smokes cost 1.50 euros ($1.70) each, less than half the price of 20 Marlboros or Prince at one of
’s ubiquitous street kiosks. Greece
As Prime Minister Alexis Tsipras walks another tightrope between creditor demands for additional belt tightening and a social backlash, the scene exposes an unhealthy truth: Greeks could smoke, drink and gamble their way out of their next financial hole, if only they were taxed on all of it.
Monday, January 18, 2016
By THE ASSOCIATED PRESS
ATHENS, — Jan 16, 2016, 4:04 PM ET Greece
Greek tax officials, initially numbering about 50, will be trained by the tax authorities of North Rhine-Westphalia, a state noted for its success in persuading German citizens to repatriate capital they had whisked abroad to avoid taxation. Their efforts have resulted in 1 billion euros ($1.09 billion) in extra revenue since 2010.
Wednesday, February 25, 2015
4 FEB 24, 2015 12:55 PM EST
By Stephen Mihm
Among the most closely watched commitments made by
to obtain a four-month
extension of aid from its official creditors is a promise to overhaul its notoriously
inefficient system of tax collection and administration. Greece
Skeptics, particularly among the law-abiding citizens of other European countries who believe their tax euros will be wasted on the continued bailout of
have hard time buying this pledge. Greece
Thursday, January 16, 2014
(Published by the
By Associated Press, Thursday, January 16, 12:18 AM
NEW ORLEANS — A Greek shipping magnate who remained a fugitive for more than a decade was ordered Wednesday to pay more than $1.5 million in restitution to the Internal Revenue Service after pleading guilty in New Orleans to filing a false tax return.
U.S. District Judge Helen Berrigan also on Wednesday sentenced 78-year-old Lucas Ktistakis to three years of supervised release and ordered him to pay a $10,000 fine. Ktistakis had faced up to three years in prison, but Berrigan sentenced him to time he already has served in custody since his February 2013 arrest in
Tuesday, July 16, 2013
July 15, 2013
By NIKI KITSANTONIS
ATHENS — Greek lawmakers voted early Tuesday in favor of indicting former Finance Minister George Papaconstantinou over the way he handled a list of more than 2,000 Greeks with Swiss bank accounts, a possible source of much-needed tax revenue that was never exploited by the authorities.
In a secret ballot that followed a contentious debate, a majority of lawmakers in
300-seat Parliament said that Mr. Papaconstantinou should stand trial on three
charges: breach of trust, tampering with an official document and breach of
Tuesday, May 7, 2013
By Anna Yukhananov
WASHINGTON (Reuters) -
has made progress in reducing government debt and improving its
competitiveness, but needs to follow through on structural reforms to ensure
its economy recovers, the IMF said on Monday after a mission visit to the
Friday, February 15, 2013
By Harry Papachristou
is pinning its hopes of boosting revenue from an antiquated tax system beset by
massive evasion on Harry Theoharis, a boyish-looking 42-year-old who describes
himself as an "I.T. monkey". Greece
Sunday, December 30, 2012
(Reuters) - More than two-thirds of Greeks say their government is failing to fight tax evasion, a poll showed on Saturday, a major focus of popular discontent along with austerity measures imposed to unlock bailout aid.
Friday, December 28, 2012
Fri Dec 28, 2012 11:39am EST
* Relatives of ex-minister were removed from accused tax dodgers list -officials
* Former finance minister denies tampering with list
* PASOK party expels him over "Lagarde List" affair
By Harry Papachristou
Thursday, December 27, 2012
(Reuters) - Greek prosecutors sent a list of possible tax cheats to parliament, court sources said, in a case that has highlighted
' failure to crack down on the tax
evasion that has contributed to the country's financial crisis. Athens