Greece is losing out on about €60 billion in uncollected taxes, says the head of a European Union task force created to help Greece overhaul its public sector.
Horst Reichenbach said in a report today that of those €60 billion, as much as €8 billion would be immediately collectible and could help Athens cut its massive budget deficit.
However, Mr Reichenbach says about €30 billion of the outstanding taxes are caught up in lengthy legal disputes that can take seven to 12 years to resolve.
He said strengthening the tax dispute resolution mechanism will be one of the priorities for the task force, which will deploy experts from other EU member states, the EU and the IMF to help Greece get its economy growing again.
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AP