Informal economy

Night club hid three million euros in revenue

Greece's tax authority uncovered tax evasion totalling three million euros at an Athens night club.

Following a tip, the Independent Authority for Public Revenue (AADE) discovered that the business had not submitted a tax return that for the 2022 tax year, concealing revenues of 2.7 million euros, while also avoiding the payment of VAT totalling 255,000 euros.

Cabbies protest against tax bill

Taxi drivers participated in a work stoppage in Athens from 9 a.m. to 4 p.m. on Thursday, which was followed by a protest rally at the Ministry of Transport to demonstrate against a new tax bill designed to crack down on tax evasion of self-employed professionals. Τhey have also announced a 24-hour strike for November 22.

Do we like tax evasion?

Kostis Hatzidakis had made the war against tax evasion a priority before taking over the Ministry of Finance. It wouldn't be easy: There are a myriad of "clients" of the political system who are affected. Furthermore, if a war begins against the tax evasion of those who are easy to target, you never know where it might end up.