More than 5 million Greeks did not pay income tax for 2008. 60% of Greeks did not make over €12,000. Which is the tax cap to not pay in. This has created much distress from the EU and IMF who bailed out the debt strapped government.
The Finance Minister of Greece exclaimed that many Greeks are staying under the radar by operating in Greece's shadow economy. They are producing real wealth for themselves by working outside of the “mainstream” economy. Parasite Spinellis- Greek's Finance Minister says tougher laws, improved computer systems and reorganization of the tax collections system. Should cutback on tax fraud. In my opinion this will drive many tax evaders underground.
Their is a witch hunt for these tax evaders but a fiscally strapped nation will waste more resources trying to stop tax evasion, than it actually gains for increased enforcement. It is only a matter of time before things go back to being complacent on tax fraud and the watchmen become "corrupt." This will allow for more tax evasion and a larger underground economy, government creates its quagmires.
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