Athens is just a step away from the completion of an agreement with the Swiss government for the taxation of Greek deposits in banks in Switzerland.
On Sunday and Monday Deputy Finance Minister Giorgos Mavraganis is scheduled to have key meetings with Swiss government and bank representatives in order to seal the terms of the deal that is expected to bring in significant revenues from the funds held in Switzerland.
The plan is along the lines of an agreement already signed by Switzerland, Germany, Austria and the United Kingdom, which allows bank clients to choose between two options: Either to maintain their anonymity and start paying tax of up to 45 percent or present their records and get fully checked by Greek authorities. If any deposits are proven to have been obtained in an illegal fashion they will immediately be confiscated.
The amount of Greek deposits in Switzerland is not known but is estimated at around 20 billion euros, 99 percent of which has not been declared with any tax authority, according to Germany’s Spiegel news magazine.
They may have the image of Greek goddess Europa on them but for the next few weeks commuters in Athens will feel the frustration of mere mortals if they try to use new 5-euro banknotes to bu...
With divisions widening in the coalition over the fate of a controversial anti-racism bill, sources close to Prime Minister Antonis Samaras said the issue will be discussed on Monday at 6 p....
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
The dramatic appeal for a national mobilization in the face of a heightened threat of devastating forest fires this summer, which Public Order Minister Nikos Dendias voiced in Parliament on ...
The danger of wildfires breaking out across the country in the summer period is just as high this year just as it has been every other year before.
But, the tools and infrastructure availabl...
