July 12, 2010

Greece Raids Rich Tax Cheats

[From article]
"Agents then went knocking on the doors of 990 well-to-do individuals identified by the Ministry of Finance as tax cheats who owe more than $8.5 million in back real estate taxes on their vacation homes and seaside hideaways, on which they failed to report their values totaling $721 million, the ministry said.
[. . .]
In recent weeks, such storm-trooper methods have shaken out $2.33 billion from businesses that failed to report sales taxes -- double the amount collected for the entire prior year, the ministry said."

http://www.nypost.com/p/news/business/greece_tax_agents_raid_rich_cheats_93K2bimOZKHjEyurAcKACO

Greece tax agents raid rich cheats

Last Updated: 12:35 AM, July 11, 2010

Posted: 12:35 AM, July 11, 2010

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