Seizure of Tycoons' Yachts, Villas, Airplanes....

Seizure of Tycoons' Yachts, Villas, Airplanes....

Tax Administration, with our money, credited the biggest debtors, who owe more than 400 million euros, allowing them payment in installments. Meanwhile, they are enjoying in their luxury cars, yachts and airplanes.

Total amount of money owed by biggest tax debtors, bussinesmen, is equivalent to the half of the sum that country is getting by wage and pension cuts.

We came to the absurd situation where is more profitable to owe millions of euros than to fulfill your tax obligations.

Today, things are slowly starting to change, and companies are paying their debts, even if that means selling personal, valuable assets.

The question arises: how is it possible that debts of the biggest debtors are still growing? In Tax Administration say that collection always begins with "frozen accounts", which is the most efficient way. But, they are limited in their actions.

- Collection of movable and fixed assets is an expensive procedure, which can last up to six months. Rules require no enforced collection when there is an ongoing litigation, and when company is in reorganization process. That process can last up to one year.

Also, debtors can stop the collection by applying for postponement of debts.