Friday, 18 November 2011

Uncollected tax...

It has emerged that the Greek taxpayers owe their government €60 billion in unpaid tax... That is just unbelievable in itself, but even more amazing is the fact that the Greek government has made no effort to collect it.

No wonder they are an economic basket case. €60 billion uncollected tax, with the most generous social security handouts in Europe - paid for it seems by massive borrowing and the taxpayers of every other EU country. The new government of "national unity" (Contrary to some of the reportage I have seen from UK based news sources, consisting of sitting MPs elected to the Greek Parliament and not unelected apparatchiks from Brussels as the media have implied) would do well to collect the outstanding tax immediately and pay off some of their debt.

Frankly, the more I think about this the more I need to go and lie down with a damp towel on my forehead. Even the German news services seem to be stunned by this revelation ...

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