Greece’s top tax official resigns

first_img alison.lock whatsapp Greece’s top tax official resigns Wednesday 9 March 2011 2:25 pm Greece’s top tax official resigned on Wednesday two days after Moody’s slashed the country’s credit rating, citing shortfalls in tax collection.A government spokesman said that Dimitris Georgakopoulos, secretary-general at the Finance Ministry in charge of tax and customs issues, left his post.“He resigned for personal reasons,” government spokesman George Petalotis told Reuters, without elaborating.Tax collection is a weak point in Greece’s efforts to reduce its deficit as part of an €110bn (£94.8bn) EU/IMF bailout to avoid bankruptcy.The country missed its revenue targets last year and risks missing them again in 2011, the EU and the IMF said, urging the government to do more against tax dodgers.Moody’s on Monday cut Greece’s rating by three notches, citing among other reasons continued flaws in Greece’s tax collecting mechanism.“Government revenues have been slow to rebound, which is in part the result of a continued weakness in tax collection mechanisms,” the agency said.Greece has rejected the agency’s criticism, saying that initial targets may have been missed but tax revenues actually rose last year, despite the country’s austerity-fuelled recession. Tags: NULL Share Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapplast_img read more