10B Annual Loss in Uncollected VAT

According to a European Commission report published on September 20, within the period 2008-2011 Greece lost some 40 billion euros in uncollected Value-Added Tax. According to Greek media reports, Greece had the second-worst performance, following Romania, among the countries that have seen their VAT gap grow since the start of the financial crisis. Spain, Greece, Latvia, Ireland, Portugal and ...

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