Greece Releases List of Companies Owing Most Backtaxes

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Greece released a list of 6,000 companies owing a total of more than 30 billion euros ($41.8 billion) in backtaxes and will release individuals’ names after completing procedures to override data protection laws.

Publication of names of both companies and individuals “will significantly help to improve the efficiency of revenue collection and to boost confidence between the ministry and taxpayers by promoting transparency,” the Athens-based Finance Ministry said in an e-mailed statement today.