Greek gifts bear fruit but honesty withers on vine

The gifted footballers of Greece may have demonstrated the power of teamwork
and a commitment to their country by becoming European football champions, but
the Greek nation comes bottom of the league for tax honesty. A report by the
European Commission shows that more than 20 per cent of work-by-value goes
undeclared in Greece. Undeclared work in an Enlarged EU shows the UK is far
more honest, with only 2 per cent of its gross domestic product concealed from
the tax authorities, second only to Austria (1.5 per cent). Other high-minded
countries were The Netherlands, Sweden, Belgium and (Greek) Cyprus. The
‘informal economy’ – ie, tax dodging – was also a problem in Hungary and
Latvia.

http://europa.eu.int/comm/employment_social/employment_analysis/work/undecl_work_final_en.pdf

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