Game On! - Greek Bank Confidentiality Shattered to Capture Every Last Piece of Wealth

Only government pin-heads could think this scheme will raise more taxes. The Greek banking system is near collapse as it is, why would anyone use bank accounts for "savings" when the government will be looking over your shoulder for every transaction?

From The Greek Reporter

Original source

Trying to find innovative ways to fight tax evasion, Greece’s General Secretariat for Information Systems has completed an application that will allow the state’s monitoring and collection mechanism to access the country’s banking system via an online connection and let the government have access to depositor bank accounts.

The application, which will let the Finance Ministry troll through the accounts of all depositors suspected of tax evasion means online inspectors can scour through records of deposits, loans, credit card use and other data without permission from the account holder.

Until now, the law did not allow even investigators to check bank records, but Greece is under intense pressure from international lenders putting up $325 billion in two bailouts to find tax cheats and up tax revenues.

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