euobserver.com
July 13, 2012
Mount Athos in Greece is off limits to women and is exempt from paying VAT (Photo: Konstantinos Kazantzoglou)
BRUSSELS - Taxes in Greece continue to slip through state scrutiny as some corporations, wealthy Greek-ship owning families, and the Greek Orthodox Church are either exempt or use loopholes to hide millions of euros.
In the first five months of 2012, the Greek ministry of finance registered a €300 million shortfall in collected taxes. The shortfall, notes the ministry, is primarily due to corporations having not submitted their taxes on time.
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