DBRS: Cracking Down on Tax Evasion in Greece Strengthens Its Fiscal Resilience to External Shocks
7 Articles
7 Articles
Morningstar DBRS attributes fiscal outperformance to digital reforms and curbing tax evasion — The increase in tax revenues by 3.4 points of GDP, the primary surplus of 4.9% and the role of myDATA and POS in shielding the economy
The Greek economy has become significantly more resilient to international economic turmoil, according to an analysis by the credit rating agency DBRS, which attributes the improvement in public finances to…More...
The resilience of the Greek economy in the face of possible future shocks is stated in an analysis by the credit rating house DBRS. The Canadian house DBRS notes the... The article DBRS: “Shield” for Greece in future shocks, the fight against tax evasion and enhanced tax revenues was published in NewsIT.
According to DBRS, reforms in Greece's tax administration increased public revenues and strengthened fiscal resilience, leading the country to a strong primary surplus compared to other EU countries.
Structural reforms in Greece's tax administration have significantly increased public revenues and improved its fiscal resilience to external shocks, such as the rise in global bond yields, the credit rating agency said in an analysis.
The House underlines that the fiscal benefits of curbing tax evasion are now structural in nature, and highlights the role that tax administration reforms have played in improving the country's fiscal performance.
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