facebook
twitter
rss
account
search
search
 

Lagarde to Greeks: 'Pay your taxes'

May 26, 2012 at 12:58 PM   |   Comments

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.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Apple sells 10 million new iPhones during the first weekend Apple sells 10 million new iPhones during the first weekend
2
Starbucks testing a latte that tastes like beer Starbucks testing a latte that tastes like beer
3
Iraq relying on oil wealth from Basra Iraq relying on oil wealth from Basra
4
Arctic oil bound for Europe, Gazprom Neft says Arctic oil bound for Europe, Gazprom Neft says
5
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
Trending News
Video
x
Feedback