Inspectors leading tax evasion crackdown on Myconos temporarily close businesses, seize takings

A large-scale operation aimed at curbing tax evasion on the island of Myconos has led to the confiscation of foreign-registered card terminals in use in some stores, prompting an investigation into the legality of the businesses in question.

Inspectors found two Swiss-registered point-of-sale (POS) terminals in the Louis Vuitton store in the center of Myconos Town, according to a source at the Independent Authority for Public Revenue (IAPR).

Another was discovered at the prominent fashion house's shop in the Nammos Village shopping center, whose Spanish employees were found to have Spanish social insurance. The two POS terminals were seized while the legality of the foreign nationals' insurance status was being investigated.(Under European law, European Union citizens can work in another EU member-state while still insured in their country of origin as long as they have...