Lithuania -The costs of the shadow economy -November 13, 2012

According to the data of the Lithuanian Free Market Institute, the shadow economy in 2011 accounted for 27% of GDP. And an analysis of taxes paid by residents, conducted by Swedbank’s Personal Finances Institute, has suggested that, if the shadow economy was eliminated, the country could collect an additional 7.5 billion litas (€2.1 billion) from residents’ taxes. Swedbank estimates that the state loses the most of tax revenue because of illegal jobs.

English: http://www.lrinka.lt/n/index.php/menu/newsroom/press_releases ...   

http://www.baltic-course.com/eng/analytics/?doc=65899

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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