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The US government is keeping the illusion that everything is going well. The mainstream media is continually reporting that the economy will be recovering in the fall and that the FED will be able to taper. Around the world the European crisis has been contained and the mainstream media is reporting that the worst is over. Meanwhile the middle east is revolting against the western powers and the economic collapse and war are gaining steam.
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Greece to seize assets of tax dodgers
For those people who worked half a year or an entire year then lost their jobs still need to pay taxes if they owe them. It is very difficult to pay when you are using the money to survive, to feed your family and to pay for your basic needs. Businesses that have seen their revenue drop also have a hard time paying taxes because they are trying to keep their heads above water. Unemployment in Greece is approaching 30% and among youths it is ~60%
- Greek tax authorities will seize the assets of businesses and individuals who do not settle their tax debts, the government said on Tuesday (13 August).
- Under the plans, the Greek finance ministry will issue warnings that assets will be seized if the recipients do not arrange a payment plan within 20 days to those who owe more than €10,000.
- The move is the latest attempt by the Greek government to clamp down on tax evasion.
- An estimated €60 billion in unpaid taxes and social security contributions are currently owed to the Greek government, leaving a gaping hole in the country’s budget.
- Earlier this week, figures released by the Greek finance ministry revealed that tax revenues from the first six months of 2013 were about €1.5 billion behind target.
- While revenues have been badly hit by the country’s six-year recession which has wiped out over 20 percent of the country’s economy, tax collection remains one of Greece’s biggest budgetary problems. Continue reading “Governments Keeping The Illusion While The World Collapses – Episode 136”