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Personnel Today

Greek gifts bear fruit but honesty withers on vine

by Personnel Today 13 Jul 2004
by Personnel Today 13 Jul 2004

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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