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Snapple co-founder dies at 85
LONDON, May 26 (UPI) -- The managing director of the International Monetary Fund Christine Lagarde said Greeks could do their country a favor by paying their taxes.
"As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time," Lagarde was quoted as saying in Saturday's Daily Telegraph.
"And I think they should also help themselves collectively [by] paying their tax," she said in an interview.
Greece's central bank has said unpaid taxes come to between 2.5 percent and 3.8 percent of the country's gross domestic product.
The country's so-called "shadow economy," comprised of business transactions that do not include tax payments, came to 25.4 percent of the country's GDP in 2010, up from 24.3 percent in 2008.
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ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
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ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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