Skip to comments.Corruption Continues Virtually Unchecked in Greece
Posted on 10/16/2012 7:56:08 PM PDT by DeaconBenjamin
While Athens waits for more aid from the European Union, the country continues to be administered in the same old careless manner. Corrupt politicians and the rich continue to help themselves to Greece's funds, and little is being done about it.
How can someone who has declared an annual income of 25,000 transfer 52 million abroad? What kind of supplementary income must an individual have who, according to his tax returns, earned 5,588 in 2010, yet still managed to move 19.8 million abroad? And how can it be that a Greek citizen sequesters 9.7 million abroad although he supposedly earned exactly zero euros?
Tax fraud investigators will have to ask these questions of individuals whose identity is public only as initials. For instance, "G. D." stands at the top of a list of 54,000 Greek citizens who relocated major assets abroad between 2009 and 2011. The list from the Greek central bank is now in the hands of the Finance Ministry.
It is the longest of four lists that currently circulate in Athens. Each names people whose bank balances and real estate holdings do not correspond with what they claimed on their tax returns. But hardly anything is being done. While the governing coalition squabbles with international creditors over hundreds of euros to be trimmed from teachers' and nurses' paychecks, and Athens slashed employee pensions, wealthy Greeks moved billions abroad with relative impunity.
The odyssey of the "Lagarde list," as it's known, exemplifies the typically lax attitude toward tax criminals. For many months, it was thought to be lost, but then it resurfaced in early October. Now, the public prosecutor for financial crimes has a copy. It lists 1,991 Greek owners of Swiss bank accounts, and reportedly includes many prominent individuals from the realms of politics, business and culture.
(Excerpt) Read more at spiegel.de ...
Has a damned easy time of it over here too.
Maybe they just had a large positive cash flow.
Hey, piggy banks can add up quickly.