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Ceturtdiena 20.09.2018 | Name days: Marianna, Ginters, Guntra
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Estonian businessmen fight against shadow economy

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

Black market is not profitable, because businessmen lose money due to unfair competition. Realizing that, businessmen themselves take part in fighting the shadow economy, according to the Ministry of Finance state finance department adviser Sven Kirsipuu and Sören Meius, Ministry of Finance, Chief Specialist of the Entrepreneurship and Accounting Policy Department.

Estonia does not have a national plan of combating the shadow economy. Instead, Tax and Customs Offices with their own plans and methods are doing this, the experts say, adding that the Estonian mass media does not elaborate on this matter.

Similalry, Kirsipuu and Meius believe it is very difficult to carry out previous estimates on how much exactly will be collected with the help of the state revenue service.

This is the reason why we do not want to present the state revenue service additional money to be collected. It is afterwards very difficult to see whether the Tax and Customs Office itself has boosted its income, companies have started to pay more or it is due to improvements in the economical situation, Kirsipuu told the newspaper Latvijas Avīze.

Foreign investors have never named shadow economy as an obstacle for their operations, the specialists point out, stressing that what they do usually name is the tax policy, high labour costs, in particular, Meius says.


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  1. Ren says:

    This is a good endeavour, however, it would be better if the state carried out more extensive measures for this roblem.

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