4 ms·
I'd think the first order of business would be to get tax compliance up. It wasn't very high to begin with, but since the new year tax revenue has collapsed com
by bradleyjg 12y ago
I'd think the first order of business would be to get tax compliance up. It wasn't very high to begin with, but since the new year tax revenue has collapsed completely.
Ref: http://marginalrevolution.com/marginalrevolution/2015/01/the-greek-fiscal-update.html http://marginalrevolution.com/marginalrevolution/2015/01/the...
- mdemare 12y agoHigher tax compliance would help the government pay their bills, but it would in equal measure harm the people's ability to pay their bills. Greece's biggest problems are not high debt payments, they are 25% unemployment, and GDP having dropped 27% from its peak.
- bobcostas55 12y agoLiterally every government for the last 35 years has promised to get tax compliance up. It's not gonna happen. Beware Greeks Bearing Bonds[0] goes into good detail on the problems with the enforcement bureaucracy and legal systems that make it so difficult to actually apply the law. [0] http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds-201010 http://www.vanityfair.com/business/features/2010/10/greeks-b...