Recently,Greece underwent an economic crisis.Although there are numerous factors that contributed to the crisis,one problem is Greece's tax system,which is very complicated.As a result,numerous Greeks simply choose not to pay their taxes.How does this situation affect Greece's economic growth?

Question

Quizplus · Accepted Answer

Greece's tax system being complicated and resulting in high tax evasion hurts the country's economic growth by causing a lack of tax revenue, which could fund public services and infrastructure projects. This reduction in funds impedes the government's ability to invest in its people and companies, hindering their productivity and competitiveness. Additionally, Greece's economy struggles to attract international investors, as a weak tax system aids in creating an unreliable business environment. Consequently, Greece's economy is harmed by the lack of an efficient tax system.

Recently,Greece Underwent an Economic Crisis