Thursday, December 3, 2015

Ominous Development In Greece Signaling A Wider Future Seizure Of Private Assets

There’s been an ominous development in Greece signaling a wider future seizure of private assets (including cash, jewelry, etc) by the Greek government.  Coming soon to a jurisdiction near you…
http://www.keeptalkinggreece.com/2015/12/01/greeces-taxpayers-must-declare-all-assets-like-cash-under-mattresses-jewelry/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+KeepTalkingGreece+%28Keep+Talking+Greece%29
Cash ‘under the mattress’ totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1. January 2016. Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad…
Note that this Assets declaration process will initially apply to lawmakers, journalists, public servants etc and is the rehearsal for the creation of the electronic property & assets register that will be extended to all taxpayers.
thc

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