Monday, July 9, 2012

WSJ: 1/3rd of Greek deficit due to tax evasion...irony ensues.

I'm sure the WSJ hasn't a clue as to the irony of their reporting this story.  A review of banks' data by three economists show that €28B in income went unreported in 2009 -- surely that has only gotten worse.


So logically, the WSJ asks, "Why hasn’t Greece done more to stop tax evasion?"  The answer, as one might expect, is that the occupations with the highest tax evasion rates were "heavily represented in Parliament."


No correlation to the US and the ties between government and Wall Street, right?  And heaven forbid, that moving accounts offshore to hide income, is in no way related to the unreported income of tax evaders.


Like I said: Do you really want someone to lead the nation, whose own actions are that of a tax evader?

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