What renders a tax amnesty program successful? Tax amnesty programs have long been used by governments as policy tools to produce both short and medium-term benefits. Despite the criticism that such tools have received for being inefficient and unfair, tax amnesties remain a very popular choice amongst policymakers nonetheless. However, as recent experience has shown, tax amnesty programs are often unappealing amongst taxpayers and fail to achieve the short-term and medium-term goals set by governments. This Article critically discusses the latest international tax amnesty in Greece that took place in 2010 and provides an overview of its advantages and disadvantages. By reviewing the said tax amnesty and comparing it with the tax amnesty of Argentina and Italy, this Article makes significant conclusions about what renders a tax amnesty scheme successful and prompts taxpayers’ participation.