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Greece Taxes

Minister out over taxes
Local Greece News In English

Deputy Culture and Tourism Minister Angela Gerekou resigned yesterday after allegations that her husband, a popular singer, owed 5.5 million euros in taxes, a revelation that threatened to undermine the government's efforts to tackle tax evasion.
Gerekou,... ...
Source: Kathimerini English Edition : Print Edition : 18/5/10

Taxes Greece

Greeks will have to declare to tax office even cash below 100 euro:

More than 8,500,000 tax payers registered in Greece will be called to declare all moveable and immovable assets, their total "Wealth", and even cash they possess even if it is below 100 euro. Ref. Source 2m.

Greece Taxes History & Civil Business Politics

Well, our goverment has created a heavy burden with the imposing taxes. Every month they change the way they organize them, as well as the amount they want/need. We don't know what the next day may bring and we cannot make a proper budget.

This also creates a problem to attract investors, because they cannot have a concrete investment program for even a duration of a year. A lot of local industries (Small and big) have closed and transferred their infrastructure to other Balkan countries, such as Bulgaria, FYROM, and Serbia, which have proper and solid tax laws.

This in turn creates more unemployed people and the circle conrinues. There are rumors that the unemployment reaches more than 20% of the population, especially amongst young people (25-45 years).