Greek finance ministry steps up crackdown on tax cheats

Written by on August 8, 2013 in Europe - No comments
a fanned-out sheaf of euro notes

A Greek government legislative act will allow relevant authorities to proceed with confiscations against tax-evading businesses on weekends, during any time of the day as well as during the month of August.

Confiscation orders were not allowed to be carried out at night time or on weekends until now and the law also made clear that on some days during the month of August businesses were protected also.

The piece of legislation also extends to businesses that owe the state large amounts of money.

The Ministry of Finance said on August 7 2013 that changes in the law will allow for assets to be seized when a business is found to owe the state more 50 000 euro. During the night, a civil servant or police officer will need to be present for the order to proceed.

The government is seeking ways to step up its crackdown on tax cheats.

Last weekend, Financial Crime Squad inspectors were practically chased away from a village on the island of Crete when they attempted to inspect businesses for tax code violations on the day locals were celebrating their patron saint with a church fete.

For the full story, please click here

(Photo: takis kolokotronis/sxc.hu)

Comments

comments

About the Author