ECONOMY

Finance Ministry mulling new tax amnesty to collect revenues

The government is considering a new amnesty for tax arrears in a bid to collect 1.5 billion euros, sources have told Kathimerini.

The measure was used in 2010 by then Finance Minister Giorgos Papaconstantinou but was criticized by some for allowing tax evaders to get off lightly.

Under the scheme, individuals are allowed to pay a one-off fee so their outstanding tax affairs are not investigated. It is believed that Greece?s lenders do not want a repeat of such measures.

The amnesty could cover arrears up to the end of 2011, sources told Kathimerini. The Finance Ministry will also introduce fast-track auditing procedures to clamp down on evaders, sources added.