Cyprus-Forum.com

[boomerang]

due to a well-timed IMF report, tsipras can now frame sunday's referendum as a simple Yes/No vote on greece's debt pile, which makes it far easier to vote "no"
.
do you think Europe should forgive your debt, check box 'Yes' or 'No'.

"No" means a lot of pain now and recovery maybe later...

OR

"Yes" means less pain now but no hope of recovery ever...

Choose wisely...

[Get Real!]

Good On You, Greece—–But Don’t Waver Now

http://davidstockmanscontracorner.com/g ... ow-part-2/

[repulsewarrior]

http://www.huffingtonpost.com/2015/07/0 ... ref=topbar

...note the graph, lower on the page, "what an economic crisis looks like".

[supporttheunderdog]

Hmmmm

[Nikitas]

Paphitis said:

"I am still looking at the option as the same Hotel is still up for sale and has been for sale for nearly 2 years."

Inquire into the meaning of the term "synafia", a friendly suggestion.

I had a succesful business for 15 years, it was sold to a bigger concern and was then hired as a free lance in the new enteprirse, in other words I have been self employed most of my time here. I have been through three "synafias" and it goes something like this:

An arbitrary profit factor is applied to your turnover. You arrive at a number for ADDITIONAL tax on top of the annual tax you have already paid. You then have two choices.

a) pay the synafia sum and shut your mouth

b) refuse and go through an audit, with the forewarning that the audit cannot arrive at a tax sum less than that you would have paid had you opted for option a).

Outrageous but true! You are forced to sign and accept that you are a tax evader or else be additionally penalised after being audited and found not to be a tax evader!

Check it out.

These are the things we expected that mostly foreign educated, affluent (most of them have fat foreign stock portfolios) Sriza politicians would fix. But they did not because none of them have worked here, they do not know the burden placed by the Greek system on the creative entreprenneur, ie the main job creator. Or maybe they dont give stuff.

[Paphitis]

Yes I am aware that the books can be cooked. The profit/loss may not be as depicted.

This is indeed a very scary scenario for anyone who might want to wish to invest in Greece.

The same Hotel had the option of a 6 month lease as well - try before you buy.

Greece is a very peculiar country. Probably a very big reason why the country is in the condition it is in.

[Nikitas]

Paphitis,

Synafia is not about cooking the books. It is about you being a proper businessman and then being slapped with a synafia and seeing your blood pressure shooting up because you are presumed to have cooked the books when you did not.

And you are right. Doing business here gets surreal at times. All self employed people have stories that to non residents sound fictional. Unfortunately the are not.

[Paphitis]

But let's be fair Nikita. All these unworkable peculiarities which have probably stuffed the country right up, were the workings of the elites of PASOK and ND. Syriza is not responsible for the shit and neither can anyone in their right mind expect them to fix it in 6 months whilst trying to keep the Government open at the same time.

There are a lot of scare tactics regarding this referendum Nikita.

[Paphitis]

Paphitis,

Synafia is not about cooking the books. It is about you being a proper businessman and then being slapped with a synafia and seeing your blood pressure shooting up because you are presumed to have cooked the books when you did not.

And you are right. Doing business here gets surreal at times. All self employed people have stories that to non residents sound fictional. Unfortunately the are not.

I have seen enough to know that these things are real.

I also get very sound advice from some friends and it makes you very nervous. Greece is a pretty hard country to do business.

[repulsewarrior]

...interesting, like paying taxes on property with a certified cheque from a foreign country; it will likely be seized as a proceed from crime, you still owe the taxes, and you must prove that your money is your money if you want it back. This too is a possibility, in Greece.