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Greece is not alone – tax evasion is a British problem too

A Greek journalist has published the names of those with secret Swiss bank accounts. HMRC has its own list, but no one has come to court so far

Richard Murphy, Monday 29 October 2012 15.20 GMT

Greek journalist Kostas Vaxevanis is taken by police officers to the public prosecutor after naming 2,000 alleged tax evaders.

Greece is in a tax evasion crisis. Using a variety of sources I estimated earlier this year that 27.5% of its economy was unrecorded giving rise to a total loss to tax evasion that could be as high as €19.2bn a year. Now you can argue with the figures, but few disagree that Greece is in the premier league of European tax evasion, outdoing Italy (just) and leaving Spain trailing in its wake, even if challenged for top spot by some of the more recent EU member states. In that case you would expect the Greek tax authorities to

Added: Oct-29-2012 Occurred On: Oct-29-2012
By: gemini
Regional News
Tags: tax, evasion
Location: United Kingdom (UK/GB) (load item map)
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