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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.

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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.