Tax Evasion Happens In Socialist Countries Too
Tuesday, December 18, 2012 - 12:30
in Psychology & Sociology
While the overall population of Greece benefits from government services and doesn't want those to change, the people who pay the most also evade the most, says a paper. If their estimates are accurate, at a tax rate of 40 percent the 28 billion Euros in unreported taxable income could be responsible for up to one-third of Greece's deficit in 2009 or almost 50 percent of the deficit in 2008, according to bank data on household borrowing, which finds that highly paid, highly educated professionals are at the forefront of tax evasion in Greece: doctors, engineers, accountants and lawyers. Mandating equality is difficult. read more