Experts say that the black economy
has deeply dived in the everyday life and work of citizens and it needs to be integrated in the official economy along with a long-term strategy and not with individual measures.
Worsening economic situation and raising the tax burden in Lithuania nowadays has significantly increased the black economy
. It is also likely that the economic downturn will increase the dimension of hidden employment.
The consequences of black economy
in India have been widespread as well as far-reaching.
He added that according to the government's estimations, the black economy
in the country amounted to 25-30% of GDP.
If the use of credit cards increases by 10 percent in Turkey, the black economy
would shrink by six percent in Turkey.
Aleksandar Dimkovski comments for Nova Makedonija that something is wrong with the mitigation of the punitive policy because when fees were increased and reduced, the explanation was the same--to improve the business climate and reduce the black economy
. The theory but also practice showed that if the fees are the same or if they are missing, the crime, that is, breaking of the laws is always paid off.
"Those involved in this black economy
may be selling fake DVDs or CDs to your children today, but tomorrow it could be drugs "They will stop at nothing to make a profit."
I have mentioned a number of times via this column DWP raiding fish processing plants in Scotland and finding 50% were black economy
However, at one address, although the rent was paid on the dot, the black economy
This theatrical maneuver impressed political rivals sufficiently to allow Dayaks to gain control over several timber-rich districts, which had a thriving black economy
. Malays later imitated these techniques to stem the tide [author].
Next year's planned ID cards would give illegal immigrants a chance to sort out residency and stop working for cash in the untaxed black economy
Dr Arun Kumar, Professor of Economics at Jawaharlal Nehru University, estimates that 40 per cent of India's GDP is generated in the black economy
. The annual loss of revenue (approx US$100,000 million) could wipe out India's fiscal deficit two and a half times over.