Card use can add 1 bln to VAT takings

Card use can add 1 bln to VAT takings

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If all transactions between businesses and citizens and the former and the state were conducted electronically, the illegal economy would be reduced by 10 percentage points – from over 25 percent of the economy today – and value-added tax revenues would increase by 1 billion euros per year, according to a study by the Hellenic Federation of Enterprises (SEV).

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