Shadow economy

International Internet Magazine. Baltic States news & analytics Saturday, 17.04.2021, 04:48

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Amount of bribes figuring in criminal cases investigated by Corruption Prevention Bureau in Latvia - EUR 20,000 to EUR 30,000

Amount of bribes figuring in criminal cases investigated by Corruption Prevention Bureau in Latvia - EUR 20,000 to EUR 30,000

22.09.2020

The average amount of bribes figuring in criminal cases that the Corruption Prevention Bureau forwarded to the prosecutor's office from 2013 to 2019 was EUR 20,000 to EUR 30,000, LETA learned at the bureau.

Keyword tags: Corruption, Financial Services, Latvia, Legislation, Shadow economy



Recipients of unreported wages in Latvia receive by EUR 400 less in sick benefits

Recipients of unreported wages in Latvia receive by EUR 400 less in sick benefits

21.09.2020

Recipients of unreported wages receive by EUR 400 less in sick benefits than those who pay all taxes, said State Revenue Service general director Ieva Jaunzeme in an interview with the Latvian public radio, cites LETA.

Tax policy changes proposed by Finance Ministry may push some people in Latvia toward shadow economy

Tax policy changes proposed by Finance Ministry may push some people in Latvia toward shadow economy

13.08.2020

The tax policy development measures proposed by the Finance Ministry to ensure sustainability of social and health insurance may push some people toward shadow economy, and neither will it solve the problem of healthcare financing, said bank analysts interviewed by LETA.


Contraband volumes in Latvia unchanged from last year - customs chief

Contraband volumes in Latvia unchanged from last year - customs chief

20.07.2020

The amount of contraband cargo seized in Latvia this year has remained unchanged from last year, Raimonds Zukuls, director of the Customs Board of the State Revenue Service, said today in an interview to Latvian Television referred LETA.

Market share of illicit cigarettes lowest in decade in Estonia

Market share of illicit cigarettes lowest in decade in Estonia

03.07.2020

A study by the Estonian Institute of Economic Research (EKI) shows that illegal cigarettes accounted for 12-15% of the total volume of the domestic cigarette market in 2019, marking the lowest level in the past 10 years, cites LETA/BNS.


03.07.2020

Estonia's loss in tax revenue due to untaxed wages totals nearly EUR 130 mln

A study carried out by the Estonian Institute of Economic Research (EKI) into the prevalence of cash-in-hand wages shows that unfair tax practices likely resulted in a 127-million-euro loss in tax revenue for the Estonian state in 2019, cites LETA/BNS.

10.06.2020

Shadow economy index in Latvia drops to 23.9% in 2019

Latvia's shadow economy last year declined by 0.3 percentage points to 23.9% of the gross domestic product (GDP), said the author of the Shadow Economy Index, associate professor at SSE Riga Arnis Sauka in a conference today, cites LETA.

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