Monday April 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
‘Stop tax dodging to lower taxes’

 Task Force sees progress but officials call for monitoring of evasion and increase in flow of bank credit
The head of the European Commission's Task Force for Greece, Horst Reichenbach

By Prokopis Hatzinikolaou

Greece has recorded major progress in its absorption of European subsidies as well as in restructuring its tax administration but still laggs in terms of bank credit to enterprises, to say nothing of its failure to contain tax evasion, according to the seventh report of the European Commission’s Task Force for Greece, which was issued on Wednesday.

“You need to catch tax dodgers if you want to reduce your taxes,” a top Commission official said at the presentation of the report in Athens. “If tax administration had been more efficient, we could have reduced that tax burden,” he added.

The report praised the progress observed in tax administration, both in terms of organizational regulations and the main corporate procedures such as debt collection and the payment of value-added tax rebates. It also saw progress in checks related to illegal activities, with staff acquiring more skills and Task Force experts offering “guidance in the workplace.”

Another positive aspect is the operation of the bank account register, the report noted.

However the Task Force also underscored the problems in the real economy.

“The issue of loans to the real economy in Greece needs further improvement. The sector is still recording high levels of nonperforming loans, while the issuance of loans remains limited and is characterized by high requirements in guarantees and by high interest rates,” the report said.

A senior Commission official noted that lack of cash flow remains one of the key obstacles hindering the growth of the economy, as do bad loans, for which Greece has not asked the Task Force for any help. He added that there is a huge stock of international experience on this front that can be used.

On the absorption of European Union subsidies, the report praised Greece’s rise from 18th spot in the EU at the end of 2011 to fifth, having steadily improved its rate of absorption from the Structural Funds for the 2007-13 period.

Still, it warned of a possible “overcommitment of funds” for the next funding period (2014-20).

ekathimerini.com , Wednesday Jul 23, 2014 (22:22)  
EU Commission to revise down Greek growth forecast
Further delays will only harm economy
Cosco eyes big network from Piraeus port
Fresh cuts to bank collateral may lead to capital controls
Akinci elected Turkish-Cypriot leader, raising hopes of peace deal on island
Mustafa Akinci, who won a run-off for the Turkish Cypriot leadership on Sunday, is a veteran politician seen as best placed to revive peace talks with the Republic of Cyprus. Akinci, 67, bea...
Merkel, Tsipras agree to stay in touch to reach debt deal
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a de...
Inside News
SOCCER
Panathinaikos beats Xanthi to rise to second
Panathinaikos jumped back up to the second spot of the Super League after its home win over Xanthi on Saturday, as PAOK slumped to third due to its draw at home with PAS Giannina on Sunday. ...
WATER POLO
Olympiakos wins Euro crown in women´s water polo
The women’s water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturday’s final. After defe...
Inside Sports
ANALYSIS
If Greece falls, no one wants their prints on the murder weapon
«We're going bust.» «No, you're not.» «You're strangling us.» «No we're not.» «You owe us for World War Two.» «We gave already." The game of chicken between Greece and its international cred...
COMMENTARY
Reaching crunch time
Several cabinet ministers and MPs are no longer hiding it: They either openly admit that they are promoting the drachma or they murmur things like, “Why not the drachma?” Some go even furthe...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Akinci elected Turkish-Cypriot leader, raising hopes of peace deal on island
2. Panathinaikos beats Xanthi to rise to second
3. EU Commission to revise down Greek growth forecast
4. Further delays will only harm economy
5. Cosco eyes big network from Piraeus port
6. Fresh cuts to bank collateral may lead to capital controls
more news
Today
This Week
1. Greek tourism threatened by various factors
2. Agenda
3. Fresh cuts to bank collateral may lead to capital controls
4. Merkel, Tsipras agree to stay in touch to reach debt deal
5. Further delays will only harm economy
6. EU Commission to revise down Greek growth forecast
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
4. Leaving the past in the past
5. Denialism
6. The price of compromise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.