Insufficient property data hurt revenues

More than 500,000 properties, mostly outside Greece’s main cities, are undertaxed, as the state does not know exactly where they are due to its use of obsolete maps. Meanwhile there are thousands of errors in the E9 tax forms in which property assets are declared by owners. All this has led to revenue losses for the state that are estimated at 140-200 million euros per annum.

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Hudson Yards is the most expensive real estate development in US history. Here’s what its $25 billion future could look like.

Stepping onto the Hudson Yards site, it’s impossible not to gravitate toward Vessel, a 150-foot-high, honeycomb-shaped art installation located in the center of the complex. With its reflective copper cladding and $150 million price tag, the structure is emblematic of the development itself: expensive, partially enclosed, and intentionally breathtaking.

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