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2 unusual facts about Tax amnesty


Tax amnesty

On September 30, 2010, the Hellenic Parliament ratified a legislation pushed through by the Greek government in an effort to raise revenue, granting tax amnesty to millions of Greek citizens by paying just 55 percent of the outstanding debts.

In 2009 the Italian tax amnesty yielded €80 billion, while the Bank of Italy estimated that Italian citizens held around €500bn in undeclared funds outside the country.



see also

Igor Olenicoff

Warner had been convicted of illegally hiding $106 million in offshore accounts, which was revealed when he tried to take advantage of the IRS tax amnesty that was offered in the wake of the 2008-10 UBS tax scandal.