(ANSAmed) - ATHENS, OCTOBER 21 - Tax evasion still hounds the
Greek economic recovery, despite extensive measures taken by the
Greek Ministry of Finance to reign in the problem. As
GreekReporter website writes quoting data published by Imerisia
newspaper, the turnover from tax evasion and illegal
import-export of industrial products, fruits, vegetables and
fuel has now become a 25 billion euro business. The champion of
tax evasion is the retail market - more specifically, the
clothing, footwear, gifts, accessories, CDs and DVDs and fuel
industries. These sectors generally fail to pay the VAT that
tracks their profits. From fuel smuggling alone, the Greek state
loses an estimated 300-500 million euros annually. Greece fails
to collect oil revenues due its failure to install an efficient
input-output control system in gas stations throughout Greece.
With regards to shipping oil, large quantities of oil designated for ships are bleached and distributed to gas stations and various small businesses. Shipping oil is the main source of fuel smuggling in Greece. The unreported sale of fruits and vegetables amounts to 2.5 billion euros annually. Street vendors typically fail to issue receipts, allowing their profits to go unrecorded by the Greek government. (ANSAmed).
With regards to shipping oil, large quantities of oil designated for ships are bleached and distributed to gas stations and various small businesses. Shipping oil is the main source of fuel smuggling in Greece. The unreported sale of fruits and vegetables amounts to 2.5 billion euros annually. Street vendors typically fail to issue receipts, allowing their profits to go unrecorded by the Greek government. (ANSAmed).
