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Ceturtdiena 18.01.2018 | Name days: Antis, Antons
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Employer's Confederation: shadow economy growing in Latvia

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The proportion of shadow economy is growing in Latvia, so there is a need for more favorable circumstances in the country as a whole, says Liga Mengelsone, head of the Latvian Employers’ Confederation.

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU

Liga Mengelsone

Commenting on the fact that the government plans to collect 28.7 million lats this year, Menģelsone expresses confidence that the sum could be even bigger.

“It is possible to collect even more than the government intends to, but we cannot name a specific sum because it depends on the political will to take appropriate decisions. For example, if the borders check points are put in order, the sum could hit especially high,” she says.

She stresses that entrepreneurs would gladly pay taxes if they knew that it will improve their competitiveness.

“The state must do everything possible to ensure that businessmen can operate legally. People need to be convinced that the taxes they pay will go to provision of high-quality functions. The longer the public and the decision makers allow unfair business practice and keep pretending they do not see anything, the harder it will be for entrepreneurs to work in the legal economy,” Mengelsone adds.

As reported earlier, in 2011, the shadow economy proportion amounted to 38.1% of GDP, according to a study of School of Economics lecturers Arnis Sauka and Talis Putnins.

In 2009, the shadow economy hit 36.6%.

Ref: 102.105.105.872


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