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, totaling some 86 billion euros ($97 billion). Authorities are working hard to improve tax collection.
Rampant graft afflicting the mining industry has led to a massive loss of public revenue in many countries. A new report shines a light on the risks of corruption occurring at the very start of the mining process.
One year ago, many people in Ghana celebrated the victory of opposition leader Nana Akufo-Addo. He promised to build more factories, improve education and stamp out corruption. What has he achieved so far?
The financial world has heralded the Senate tax cut vote. But as the Trump administration embarks on the biggest tax reform in the US in 30 years, some accuse it of ignoring systemic economic risk.
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.
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