Shadow Economy

Name: Shadow Economy
Brand: Institute of Economic Affairs
SKU: 9780255366748
Price: 532 CZK
Availability: InStock

Autor: Friedrich Schneider, Colin C. Williams

Jazyk:

Vazba: Brožovaná

Vydavatel: Institute of Economic Affairs

Dostupnost: Skladem u dodavatele

Odesíláme za 10-18 dnů

532 Kč

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic act...

Informace o knize

Autor

Friedrich Schneider, Colin C. Williams

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2013

Stránek

184

EAN

9780255366748

ISBN

0255366744

Enbook ID

04560146

Vydavatel

Institute of Economic Affairs

Hmotnost

212

Rozměry

199 x 132 x 11

Kompletní popis

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created.

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Shadow Economy

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