Athens offers tax amnesty
GENEVA: Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported on Sunday. The government in crisis-hit Greece, where citizens were voting on Sunday
in a vital referendum on EU-imposed austerity measures, has proposed offering the country’s tax cheats an amnesty as long as they pay a flat 21 per cent levy on all undeclared assets, NZZ am Sonntag weekly reported, citing ‘well-informed sources’. Estimates of how much untaxed Greek cash is stashed in Swiss banks varies widely, from between two billion to 200 billion euros.