Shadow economy

International Internet Magazine. Baltic States news & analytics Thursday, 20.09.2018, 14:06

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Most entrepreneurs in Latvia blame shadow economy on high taxes – survey

Most entrepreneurs in Latvia blame shadow economy on high taxes – survey

20.08.2018

Most entrepreneurs in Latvia, or 56%, believe that excessively high taxes are the main factor fueling shadow economy, informs LETA referring to the Latvian Alternative Financial Services Association.

Keyword tags: Economics, Latvia, Legislation, Shadow economy, Taxation



Overly high taxes the main factor contributing to shadow economy in Latvia - survey

Overly high taxes the main factor contributing to shadow economy in Latvia - survey

17.07.2018

Overly high taxes are the main factor contributing to the shadow economy in Latvia, according to a public opinion survey that market and public opinion research center SKDS carried out for the Alternative Financial Services Association of Latvia earlier in July.

Number of Estonians receiving envelope wages grows to 13%

Number of Estonians receiving envelope wages grows to 13%

22.06.2018

According to the freshly published results of a study on shadow economy carried out by the Estonian Institute of Economic Research (EKI), the number of recipients of envelope wages showed a year-over-year increase from 8% to 13%, informs LETA/BNS.


Latvian FinMin: shadow economy would be curbed more efficiently if wages were not paid in cash

Latvian FinMin: shadow economy would be curbed more efficiently if wages were not paid in cash

22.05.2018

Shadow economy would be fought more efficiently if wages were not paid in cash, said Latvian Finance Minister Dana Reizniece-Ozola (Greens/Farmers), commenting on a proposal to restrict purchase of excise goods with cash, informs LETA.

Shadow economy has risen in all Baltic states in 2017

Shadow economy has risen in all Baltic states in 2017

16.05.2018

The share of shadow economy in Latvia last year reached 22% of the gross domestic product (GDP), which is by 1.3 percentage points higher than in 2016, according to study "Shadow Economy Index for the Baltic Countries 2009-2017", writes LETA.


14.05.2018

Shadow economy in construction sector has decreased in Latvia

Shadow economy in Latvia’s construction sector has decreased, said Citadele bank’s spokeswoman Baiba Abelniece, citing the latest Citadele Index, informs LETA.

27.04.2018

Part of illegal trade in alcohol in Lithuania going online

Part of illegal trade in alcohol in Lithuania is going online after the country's government further restricted access to alcohol, Kestutis Kupsys, head of public institution Lithuanian Without Shadow, said on April 26th, cites LETA/BNS.

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