News Summary: Tax collection still lags in Greece

News Summary: EU warns that tax collection still lagging in Greece

Associated Press

LAX ON TAX: Greece is failing to collect the tax it is owed and is in danger of missing key targets that need to be met to reduce the government's staggering debt pile, the European Union warned on Monday.

BILLIONS BEHIND: An EU task force said that with two months to go in 2012, Greece was still about a billion euros behind the EU target of recovering €2 billion ($2.6 billion).

SHOW ME THE MONEY: Greece made only 88 audits of large taxpayers, well short of a 2012 target of 300, and 467 of "high-wealth individuals," below a 1,300 target.

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