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.
The international journalists' network ICIJ has evaluated secret documents and has come to the conclusion that West African countries lose millions in unpaid taxes because the money is diverted elsewhere.
Germany can expect much more in tax revenue than officially estimated last year, a paper says. But the Finance Ministry has warned against too high expectations for public spending.
Ambitious spending plans by Italy's new coalition, and potentially a political unknown as prime minister, have put investors on edge. Some commentators think the effects will also be felt by the entire eurozone.
Companies such as Amazon and Starbucks will have to pay a levy for each full-time worker they have in Seattle. The city authority approved a compromise tax plan to fund services for those struggling to afford housing.
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