Recently, Greece underwent an economic crisis. While 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 would this situation affect Greece's economic growth?

Question

Social Studies

Miya Harding

19 September, 03:15

Recently, Greece underwent an economic crisis. While 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 would this situation affect Greece's economic growth?

+5

Answers (2)

Know the Answer?

Campbell · Answer 1

Answer ... Greece's economy is affected by lack of an efficient tax system.

Explanation:

Tax system is regarded as official governmental system connected to governmental policy created to collect tax in order to provide necessary amenities for the citizens.

Deven Mcclain · Answer 2

Answer: Greece's economy will be affected by an inefficient tax system.

Explanation:

Taxation is a major source of revenue through which government meets the basic needs of its society.