ECONOMY

Tax evasion is said to amount to 100 bln euros per year

The allegation that singer Tolis Voskopoulos, seen here (left) observing an Easter custom on Corfu, owes the tax office 5.5 million euros may have cost his wife, Deputy Culture Minister Angela Gerekou (right), her position in the goverment on Monday but this is just the tip of the iceberg. Dimitris Georgakopoulos, general secretary of the Finance Ministry, suggested yesterday that the real amount of tax evasion in Greece could be as high as 40 percent of gross domestic product, i.e. about 100 billion euros per year. ‘Transactions generate corruption, so we want to have transactions conducted at home or at the office to be monitored,’ he added.