ECONOMY

Safe deposit boxes no longer safe for Greek tax dodgers

Greece’s tax authorities are now targeting safe deposit boxes, as a circular sent out by the Finance Ministry states that when a major case of corporate tax evasion is identified, inspectors will confiscate 50 percent of the cash held in safe deposit boxes at banks and the whole of their non-monetary contents, according to legislation passed just before the Parliament in Athens shut down for the holiday season.

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