Greece Warns of Going Broke as Tax Proceeds Dry Up
Nikos Maitos investigates tax evasion. He said one business owner attacked him with a whip.
Greek leaders said that despite their latest bailout of 130 billion euros, or $161.7 billion, they face a shortfall of 1.7 billion euros because tax revenue and other sources of potential income are drying up. A wrenching recession and harsh budget cuts have left businesses and individuals with less and less to give for taxes — and growing incentive to avoid paying what they owe.
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