Lyrics & Knowledge Personal Pages Record Shop Auction Links Radio & Media Kids Membership Help
The Mudcat Cafesj



User Name Thread Name Subject Posted
GUEST,Musket sans Jaffa cake BS: Greece in meltdown? What do you think? (232* d) RE: BS: Greece in meltdown? What do you think? 02 Jul 15


Greece isn't out on a limb in terms of collecting taxes, just at one end of a scale.

I experienced the differences in many EU countries first hand as when in business, we had companies in The UK, Germany, Italy, Ireland, Sweden and France. (As well as some non EU, Swtizerland, USA, Canada, Singapore and Australia.)

Some tax authorities were quicker to chase and penalise than others. The UK? Get your VAT return in quarterly. The first reminder included a small fine and their collection bailiffs don't need a separate warrant to take goods. Germany was as strict, and their corporation tax collection was just as strict, stricter than The UK.

If you forgot to do your VAT return in Ireland, just do it before the next one is due (although when The UK bailed them out a few years ago, tightening up was part of the deal.). Also, up till fairly recently, weekend working was traditionally cash in hand for many and the revenue allowed for large petty cash withdrawals without paperwork. That has ended of course but you can see the connection with their mini meltdown.

Other countries? Between the two. Oh, except Italy.

Bless them. To this day I don't understand Italian business law and how it is applied, especially in fiscal and revenue terms. I'm still a non executive director of my old firm there but I only get confused if I challenge our finance people.

I got out of business in 2003 but I still see the link between national debt and tightness of tax collection. Greece isn't somewhere we did much but even many years ago, I recall the difficulties in getting letters of credit for the small amounts our agent in Athens bought.


Post to this Thread -

Back to the Main Forum Page

By clicking on the User Name, you will requery the forum for that user. You will see everything that he or she has posted with that Mudcat name.

By clicking on the Thread Name, you will be sent to the Forum on that thread as if you selected it from the main Mudcat Forum page.
   * Click on the linked number with * to view the thread split into pages (click "d" for chronologically descending).

By clicking on the Subject, you will also go to the thread as if you selected it from the original Forum page, but also go directly to that particular message.

By clicking on the Date (Posted), you will dig out every message posted that day.

Try it all, you will see.