Greece remains among the world’s “champions” in terms of official tax rates, as annual World Bank and Organisation for Economic Co-operation and Development (OECD) continue to indicate.
The actual figures for revenue collection fall somewhere in the middle of the EU average, a development blamed on still widespread tax evasion and dodging of social security contributions in the country, according to a report from naftemporiki.gr.
Based on recent Eurostat figures, as a percentage of GDP, tax revenues and social security contributions are at the near average of the EU-28.
Specifically for Greece, the figure is at 41 percent of GDP for 2018, marginally up compared to the previous year.
The Eurozone average is 41.7 percent; 40.2 for the EU-28.
Source: tornosnews
