Sunday 10 February 2013

IMF Highlights Greek Tax Evasion


A recent IMF report has criticised the Greek Government in its strategy to bring its debts under control. 

The report highlights that the strategy “has relied far too much on cuts in discretionary spending and increased taxation of wage earners, while the rich and self-employed have continued to evade taxes on an astonishing scale and bloated and unproductive state sectors have seen only limited cuts”.

One of the conclusions of the report is that the programme will fail unless it overcomes “these entrenched vested interests”.

The report also highlights that Greece will need from the EU an extra £7.9bn to bring its debts under control. 

Written by Tim Corfield - Griffin and King

http://www.griffinandking.co.uk/

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