SDOE cracks down on hundreds of tax evaders
In a ramped up drive to crack down on tax evasion and bring some money into the state’s dwindling coffers, the Financial Crimes Squad (SDOE) has homed in on dozens of businesses and individuals who owe millions of euros in back taxes.
From the results of intensified inspections published over the weekend, a few cases stand out in particular: a contractors’ consortium that siphoned 8.7 million euros of profits from 73 property transfers; a real estate company that falsified its tax declaration to pocket 5.6 million euros in revenues; a jewelry-maker who inexplicably generated 4.4 million euros of profit over eight years; a board member who hid 3.3 million euros from the tax man and an individual whose bank accounts revealed untaxed deposits of 4 million euros.
