Greece Busts Chinese-Led Tax Evasion Ring

11:21 19/7/2024 - Πηγή: iEfimerida

Greek authorities have dismantled a major tax evasion network involving Chinese businesses operating across Greece.

The operation, known as "Paper Dragon," uncovered an international ring of Greek and Chinese businessmen, along with various professionals, who

used sophisticated methods to underreport business revenue.

Businesses involved issued receipts with unreadable QR codes and reported amounts to the tax authorities that were up to 90 percent lower than the actual value. This was achieved by manipulating cash register systems and software.
In one instance, two companies managed by Chinese nationals residing in Slovakia operated up to 16 branches each under a single tax identification number.

The operation involved simultaneous raids at 11 locations across Greece and led to the confession of a key suspect involved in tampering with tax software. Authorities used anonymous tips and undercover operations to gather evidence.

Giorgos Pitsilis, the head of the Independent Authority for Public Revenue (AADE), said that tax evasion, regardless of its scale or complexity, is a priority for the agency and that those involved will be held accountable.

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