Arab Today, arab today greece losing \billions of euros to corruption\
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

Greece losing \'billions of euros to corruption\'

Arab Today, arab today

Arab Today, arab today Greece losing \'billions of euros to corruption\'

Athens - AFP

Crisis-hit Greece is still losing billions of euros (dollars) to corruption in spite of efforts to stamp out graft and maximise the state\'s tax revenue, a report said on Wednesday. The Ta Nea newspaper said that tax evasion cost Greece 13 billion euros ($17.4 billion) annually in lost revenue, citing remarks by experts and state officials at a conference on corruption on Tuesday. The finance ministry\'s former information systems chief Diomidis Spinellis, who resigned in October, told the conference that the state is often able to claim only 20 percent of fines imposed on tax cheats. Another 40 percent is commonly written off and the remaining 40 percent is pocketed by the tax official in charge of the procedure, Spinellis said. And when the state is called upon to repay tax, 10 percent of the sum is similarly embezzled by corrupt officials, the head of investigations at Greece\'s anti-fraud squad (SDOE) Nikos Lekkas told the conference. Lekkas added that a bank transparency law adopted in 1995 had been applied only last year. Earlier this month, the international anti-graft watchdog Transparency International maintained a poor sleaze score on Greece, awarding it 80th place on a list of 182 countries worldwide. Greece\'s shadow economy is believed to represent around a third of the official economy, which is mired in a deep recession as the government struggles to apply a tough economic overhaul supervised by its international creditors, the European Union and the International Monetary Fund. Ta Nea added that a much-touted parallel drive publicly to identify state debtors had so far yielded insignificant results, with most of the businessmen arrested by police employing legal loopholes to evade imprisonment. Some of them had already filed for bankruptcy, thereby preventing the state from seizing their assets. \"We arrested 17 people who owe 5.6 million euros but only the sum of 50,000 euros was paid,\" a SDOE source told Ta Nea. Overall, the state has been able to collect 5.1 million euros from expected gains of 41 billion euros, the daily said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece losing \billions of euros to corruption\ Arab Today, arab today greece losing \billions of euros to corruption\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greece losing \billions of euros to corruption\ Arab Today, arab today greece losing \billions of euros to corruption\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday