underground economy
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Companies
Frames: Romania May Attract Billions Of Euros From Underground Economy Via Tax Amnesty, Sale Of Government Bonds In Supermarkets, Gas Stations
Romania could attract billions of euros from the underground economy and could reduce pressure on public finances through a mix of unconventional measures, as per an analysis by consulting firm Frames.
Banks-Insurance
Visa: Countries With Highly-Developed Electronic Payments Have Underground Economy Of 8-10% Vs 28% In Romania
Mature markets, with highly-developed electronic payment means, have an underground economy of 8%-10% of the GDP, versus 28% in Romania (nearly EUR30 billion), said Catalin Cretu, regional m...
Social/Politics
Romania Loses EUR22B A Year To Tax Evasion
Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy r...