Tax evasion by pawn shops in Athens

According to financial crimes investigators in Greece, up to 80 percent of all pawn shops and gold dealers in the country’s capital of Athens were involved in tax evasion activities.

Greece losses a total of $58 Billion a year to tax evasion, or 13 percent of the country’s GDP.

Source: Niki Kitsantonis, “In Greece’s Sour Economy, Some Shops Are Thriving,” New York Times, January 2, 2012.