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

Greece has turned to a German state government to seek help in combating tax evasion.

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.


If Greek authorities request it, German tax inspectors will visit Greece to investigate cases, North Rhine-Westphalia's finance minister, Norbert Walter-Borjans, said Saturday in Athens. He met with Greek Prime Minister Alexis Tsipras and signed an agreement for the exchange of data and know-how.

Last November, Walter-Borjans handed Greek authorities a list of about 10,400 Greek citizens who had Swiss bank accounts.



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