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October 17, 2012

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SHAMEFUL - Angelopoulos Family Declares Villa As Shopping Mall To Pay Less In Taxes, Electricity

photo credit - protothema
The family of (her royal highness) Gianna Angelopoulos -one of the wealthiest families in Greece- has apparently registered their luxury villa in the elite Athens suburb of Paleo Psychico as a shopping centre so that they can pay less in property taxes, but also in electricity consumption, according to the chairman of the union of employees in the Greek electricity company (DEH) Nikos Fotopoulos. The unionist, told the proto thema newspaper, that instead of paying for electricity at the prices applicable to all households, the Angelopoulos family has been paying electricity, for their 4,695 square metre villa, at the lower prices determined for shopping centres, dressmaking shops and hospitals.

He also revealed that the villa, known for its lavish parties, was also the scene of a tragedy several years ago when at one party they decided to set off some fireworks and set a fire to a small forest nearby.

Fotopoulos, said that the reason the GENOP-DEH trade unionists confiscated data from the DEH offices last week was to prove how some of the more wealthier families of Greece have been dodging taxes. According to him, the present leader of PASOK Evangelos Venizelos (and the series of laws he adopted while at the Ministry of Finance) allowed people who own big real estate properties to get large discounts in the value of the extra tax.

He then went on to explain. He said that the gap between the rates of electricity prices in the Angelopoulos case is scandalously high. "Things are very simple. The electricity company loses a load of income that it would have received if the rate for household consumption was valid."

Fotopoulos said that electricity consumption for the villa runs at about 50,000 kWh per month, whereas an average household it runs at 1,700 kWh for four months. By taking advantage of the reduced rate, the Angelopoulos family now pays between 0.05 and 0.06 euro per kWh, whereas an average household pays between 0.06 and 0.09 euro per kWh (for the first 2,000 kWh). This means that the loss to the Greek power company DEH (and tax payers pockets) is over 5,000 Euros every four months.

Wait.. there is more.

Thanks to a legal text of the Ministry of Finance that dates back to the time when the current leader of PASOK Evangelos Venizelos headed the Ministry, the Angelopoulos family has also been paying less in property taxes as well. According to Fotopoulos, the real estate tax on non-residential property -in areas of more than 1,000 square metres-  is 30 percent less, while properties over 2,000 square metres have a 60 percent reduction.

This is the loophole (which was probably purposely designed that way by Evangelos the Large to keep his elite friends happy and) which has allowed the Angelopoulos family to save 35,000 Euros per year, or pay a tax of only 51,115 Euros instead of the 86,388 Euros which they would have been obligated to pay had they not lied.

And if you think for a moment that the Angelopoulos case is unique, think again! Authorities are actually investigating 1,750 similar cases, and some are even involve elite families who have not paid a single penny in taxes. Most of these properties are owned by former parliamentarians, civil engineers, very prominent businessmen, as well as lawyers, doctors and those involved in the shipping business.Article in Greek - http://www.protothema.gr/greece/article/?aid=230305

Editor's Note - Gianna Angelopoulos-Daskalaki is a Greek business woman who got angry with the former prime minister of Greece Mr. Costas Karamanlis because she wanted him to make her president of the Republic and did everything in her power -even slam him with the traditional Eleftheros Typos newspaper which she bought and then allowed to bankrupt- in order to discredit him and remove him from power. She is also said to be the force ($$) behind the SYRIZA party and the pro-drachma block in Greece. Also, she is a benefactor at the Harvard Kennedy School, following the steps of yet another "shady" character by the name of S. Kokkalis, where she opened her arms to George Papandreou who is now a Fellow there. Indeed she is best known for being the president of the bidding and organizing committee for the 2004 Summer Olympics in Athens, Greece, as well as one of the 50 most powerful women by Forbes magazine, but let's face it... you can't get on those lists unless you have dabbled in the pie a bit. One day, hopefully in the near future, someone will reveal her skeletons... because we have had had it up to here with her kind, and her wormy methods to rise to power.


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