Troika concerned by lack of progress in overhauling tax collection

Troika concerned by lack of progress in overhauling tax collection

 

Visiting troika inspectors have expressed frustration over the delayed overhaul of Greece’s dysfunctional tax system, one of several pledges that authorities have made to international creditors in exchange for continued rescue funding, while European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud Algirdas Semeta said on Tuesday a shake-up is sorely needed to boost revenue collection.

Technical staff representing the European Commission, European Central Bank and International Monetary Fund – Greece’s troika of foreign lenders – have reportedly been unpleasantly surprised by foot-dragging on actions aimed at improving revenue collection.