Sat Sep 10, 2016 11:50am EDT
Reuters
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.
"Ό,τι η ψυχή επιθυμεί, αυτό και πιστεύει." Δημοσθένης (Whatever the soul wishes, thats what it believes, Demosthenes)
Showing posts with label Tax Evasion. Show all posts
Showing posts with label Tax Evasion. Show all posts
Sunday, September 11, 2016
Monday, February 8, 2016
Cheap Cigarettes Are Burning Greece's Finances
By Nikos
Chrysoloras
February 8,
2016 — 2:01 AM EET
On an
unremarkable morning on Stournari
street in downtown Athens , 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.
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 Greece ’s ubiquitous street kiosks.
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
Greece Seeks German Know-How to Tackle Tax Evasion
By THE
ASSOCIATED PRESS ATHENS , Greece — Jan 16, 2016, 4:04 PM ET
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
What Greece Can Learn From Israel About Tax Cheats
4 FEB 24,
2015 12:55 PM EST
Bloombergview
By Stephen
Mihm
Among the
most closely watched commitments made by Greece 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.
Skeptics,
particularly among the law-abiding citizens of other European countries who
believe their tax euros will be wasted on the continued bailout of Greece , will
have hard time buying this pledge.
Thursday, January 16, 2014
Greek shipping magnate ordered to pay $1.5M to IRS
(Published
by the Washington
Post)
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 Germany .
Tuesday, July 16, 2013
Parliament Votes to Indict Ex-Official in Greece
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 Greece ’s
300-seat Parliament said that Mr. Papaconstantinou should stand trial on three
charges: breach of trust, tampering with an official document and breach of
duty.
Labels:
Austerity measures,
Corruption,
Greek Crisis,
Politics,
Tax Evasion
Tuesday, May 7, 2013
IMF: Greece making progress but must do more on taxes
By Anna
Yukhananov
10:04am EDT
WASHINGTON
(Reuters) - Greece
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
country.
Friday, February 15, 2013
Technology whizz kid tackles Greek tax evasion
By Harry
Papachristou
(Reuters) -
Greece
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".
Sunday, December 30, 2012
Most Greeks say government crackdown on tax evaders failing: poll
(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
Greek tax cheats list altered to hide names -court sources
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
Greek prosecutors send Swiss account list to parliament
(Reuters) -
Greek prosecutors sent a list of possible tax cheats to parliament, court
sources said, in a case that has highlighted Athens ' failure to crack down on the tax
evasion that has contributed to the country's financial crisis.
Labels:
Austerity measures,
Corruption,
Greek Oligarchs,
Politics,
Tax Evasion
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