Tax Debts and Collection in Greece

in Business Risk

In the summer of 2011, the Government of Greece was owed taxes by its citizens in an amount of $58 Billion (45 Billion Euros).

As of October 2012, the government has collected just $24 Million (19 Million Euros) in tax revenue.

Source:  Jannis Papadimitriou, “Greece fights eternal battle against tax evasion,” Deutsche Welle, October 25, 2012.

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