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.
Italy has stuck to its big-spending budget plan, despite demands for changes from the EU and the threat of financial penalties. The move has sparked concerns over Italy's debt, and uncertainty from investors.
Trump has warned that if Democrats won power in the midterm elections, the US economy would see higher taxes, endangering jobs as a result. But cohabitation means legislative stagnation is more likely.
British entrepreneurs who have settled down in France have been a blessing for the country's rural areas, but will this remain so after the UK's exit from the EU? Lisa Louis looks for answers in Verteillac.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version