CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Study: The Profile of the Greek Tax Evader

Study: The Profile of the Greek Tax Evader

By A. Makris

The profile of the person most likely to commit tax evasion is a wealthy doctor with a private practice who resides in rural areas in southern Greece, is married and has many children, a study on the issue by Ernst & Young showed, with total tax evasion estimated at 6-9 pct of GDP.

The study, based on an analysis of income declarations from 2004-2005, was presented at an event on fighting tax evasion organized by the Hellenic Federation of Enterprises (SEV) and Research and Policy Institute “diaNEOsis” and includes a breakdown of the data based on the profession, the place of residence, the family status etc.

According to the study, the percentage of undeclared income for the self-employed professionals is estimated at 57 pct to 58.6 pct, while the relevant rate for employees is 0.5 pct to 1.0 pct. The agricultural sector follows closely in tax evasion with percentages of undeclared income standing at 53 pct.

However the study notes that the low percentage of tax evasion in salaried employment raises suspicions of possible “mutual agreement” between employers and employees to hide a part or the entirety of the salary, to benefit both sides: the employer avoids paying social security contributions and the employee is not taxed on income.

Apart from the medical and agricultural sectors, tax evasion is also found in construction, education, in the provision of accounting – financial services and legal services.

The study also showed that tax evasion is higher in southern Greece, where the rate of undeclared income totals 16 percent, while in the Attica region, the rate stands at 6 percent. In general, rural areas show the higher percentage of income concealment.

In terms of the family status, singles tend to tax evade less (7.2 pct), while married couples with children show a more than double percentage (10.4 pct) which tends to rise further with every added child (up to 16.7 pct for those with four or more children). (source: ana-mpa)

http://greece.greekreporter.com/2017/03/26/study-the-profile-of-the-greek-tax-evader/

MORE NEWS

Azerbaijani banker’s £1m diamond ring seized in ‘dirty money’ inquiry

Azerbaijani banker’s £1m diamond ring seized in ‘dirty money’ inquiry
Ring bought by Jahangir Hajiyev from Harrods department store confiscated by National Crime Agency.Police have seized a Cartier diamond ring...

Brexit deal: Theresa May suffers historic defeat in vote as Tories turn against her

Brexit deal: Theresa May suffers historic defeat in vote as Tories turn against her
Theresa May has pledged to face down a vote of no confidence in her government, after her Brexit deal was shot down by MPs in the ...

'We should deliver for the British people': Theresa May calls on rebel MPs to ...

'We should deliver for the British people': Theresa May calls on rebel MPs to back her vision for Brexit in key vote TODAY... or face handing the keys of Number 10 to Jeremy Corbyn
Theresa May has warned Tory rebels they risk a Jeremy Corbyn government and the break-up of the UK if they reject her Brexit deal in ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA