Greece loses an estimated 30 billion euros in tax revenue each year to the shadow economy. One out of every two Greeks owes back taxes, totalling some 86 billion euros.
Authorities are working hard to improve tax collection.
As Germany negotiates a new government, pressure is growing to ax a tax for special economic aid to the formerly communist East. Are Germans tired of paying reunification costs, even as the eastern economy lags behind?
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
Tax income logged by the German government, the 16 states and communities has increased again on the back of record-low unemployment. Financial experts said the trend would continue for the rest of the year.
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