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The German conglomerate that built and operated the “Eleftherios Venizelos” Athens International airport seems to be the biggest tax evader in Greece.
A court in Athens found that Hochtief Airport GmbH did not pay VAT for 20 years and will probably have to pay more than 500 mln euros for VAT arrears.
Together with other outstanding payments, such as social security contributions, Hochtief might have to pay more than 1 bln euros, much more than the 400 mln euros Greek employees saw in wage cuts, largely blamed to the austerity measured imposed by the Troika of international lenders, primarily Germany.
Hochtief, which is the biggest construction company specialising in operated the Athens International airport through a subsidiary until 2013, when it sold it’s share to the Canadian pension fund PSP Investments for 1.1 bln euros.