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Tax fraud amnesty target is “mission impossible”

Amount of undeclared funds gathered so far equivalent to six percent of government’s objective

With only two days before the government’s amnesty for tax dodgers is due to close, the controversial measure has only increased the state’s coffers by a fraction of what the government had targeted.

Tax Agency officials said Wednesday that up until the end of October, the state had only taken in an additional 149.6 million in taxes, a mere six percent of the government’s target of 2.5 billion, which they said was now an “almost impossible mission.”

The amnesty offers those coming clean on undisclosed assets the possibility of paying only 10 percent of the value of what they declare. That compares with the top personal income tax rate of 56 percent.