Greece Targets Church in Massive Tax Grab

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March 20, 2010

GREECE is cracking down on major cash transactions and will impose a high levy on the influential Orthodox church in a scramble to boost tax revenue in the face of a debt crisis.

A new draft bill to be tabled in parliament next week imposes a 20 per cent tax on the Orthodox church's real estate income, reportedly worth over 10 million euros ($14.8 million) a year.

It also outlaws all business transactions of more than 1500 euros ($2220) conducted in cash, prescribing instead the use of credit cards and urging consumers to collect receipts in an effort to stamp out tax evasion that costs the state an estimated 10 billion euros ($14.8 billion) a year….”

See:
http://www.theaustralian.com.au/business/news/greece-targets-church-in-massive-tax-grab/story-e6frg90f-1225843117048


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