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Greek Government Cracks Down on Tax Evasion

The Greek government is hoping to crack down on tax evasion in the region, it emerged this month. The administration has revealed that it will be paying particular attention to gamers who fail to declare their winnings from online casinos – an announcement which could lead to serious difficulties for many online players throughout the country. The latest measures will witness the establishment of a new police squad with the express purpose of hunting out those in breach of regulations.

Greek gamers will be forced to declare their casino winnings following the establishment of a new electronic crimes police squad.

The latest investigation has identified the Proton Bank as the site of a number of fraudulent activities. The prosecution in charge of the case in question has been given the authority to access personal data records of those being investigated. Bank account details of suspected evaders alongside stock market and online gaming activity will also be subject to heavy scrutiny. Players who have failed to pay taxes will now find themselves the subject of a full scale enquiry.

Much of the work in question will be conducted by the Financial Police Electronic Crimes Squad – a freshly created force overseen by the Protection Minister. Comprising of more than 200 officers, the team will include financial technology and accounting experts in a bid to root out offenders. The latest figures suggest that approximately two billion Euros worth of taxes have yet to be collected. Gamers throughout the country will certainly be forced to re-evaluate their accounts as the government pushes ahead with its targets for the year ahead. Other major European nations will no doubt be looking on with great interest as proceedings get underway.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.