Crackdown on Tax Evasion Yields Results in Spain

Crackdown on Tax Evasion Yields Results in Spain - NYTimes.com: "Spain’s efforts to clamp down on fiscal fraud yielded a record €10 billion last year, underlining the determination of some of Europe’s financially crippled governments to chase tax evaders to help balance their budgets.

The unexpected haul, equivalent to about $13.4 billion, was 23 percent higher than in 2009 and equaled about 1 percent of Spain’s annual gross domestic product, according to preliminary figures released this month by the government. The Spanish tax agency had anticipated that tax fraud receipts would remain flat."

:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.