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With an estimated 24% of the economy being shadow economy vs 13% in Germany, which adds up to 37 billion euros in tax evasions a year, they could pay their debt
by asabjorn 11y ago
With an estimated 24% of the economy being shadow economy vs 13% in Germany, which adds up to 37 billion euros in tax evasions a year, they could pay their debts solely by lowering the shadow economy by 5.5%. This would put Greece shadow economy half-ways between where it is now and the German rate.
I think Greece is more like the friend that keeps raking up debt rather than the person that gets pummeled by medical bills.
- lifeisstillgood 11y agoThis was addressed by Yanis Varoufakis' recent post. He explained that if you want to see more people move to the shadow economy, raise taxes on the honest portion to compensate for the loss. But to get the money back, needs amnesty, negotiation, education and time