Greece’s repo cars offered in ace raffle

April 23, 2014 | By | In News

Greece's rich and powerful are about to be taught a lesson they won’t forget as the government is braced to offer a handful of exotic cars as raffle prizes to everyday, tax-paying citizens.

Ten Ferraris and a number of Porsches, Jaguars, Mercedes and Lamborghinis that have been seized from tax-dodging rich folk will be given away in a weekly raffle in a bid to stamp out black-market trading and tax avoidance in the country.

To be in for a chance of winning one of the dream repossessed cars, citizens simply have to submit their receipts and invoices to the taxman when prompted.

23.6

The black market makes up 23.6 per cent of Greece's overall economy, say some estimates.

According to the Greek Reporter, the luxury cars are currently gathering dust in Greece’s Organization of Public Materials Management and will be liberated by the ministries of finance and administrative reform. Head of the latter ministry, Kyriakos Mitsotakis told the website: “It is better to give the cars to the citizens rather than let them rust.”

The move has been made in an attempt to encourage citizens to trade legally and pay the correct taxes rather than turning to the black market in a bid to save money and cut corners.

Slovakia, Taiwan and Puerto Rico already offer vehicles as part of a similar scheme to stamp out tax avoidance.

Friedrich Schneider, a professor at the Johannes Kepler University in Linz, Austria, who specialises in shadow economies, told the Greek Reporter: “It’s a smart move because it offers rewards to those who follow the law instead of punishing those who break it.”

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