01/11/2014 04:26
chart
EUR / RUB
+1.43%
53.8575
EUR / USD
-0.59%
1.2524
EUR / SEK
-0.05%
9.2664
Baltic temperature
  Up70.59%
  Freeze23.53%
  Down5.88%
Winners and losers
Turnover TOP
TKM1T538415.00
TVEAT453640.05
OEG1T33630.66
MRK1T32181.89
TAL1T27302.56
BLT1T25641.49
PRF1T23229.00
Exchange rates
Leedu litt3.4528 +0.00%
USD1.2524-0.59%
SEK9.2664-0.05%
LVL0.7028 +0.04%
Databases of Estonian companies
Back
Text size AAA Print

Survey: state loses a hundred million to grey economy

THIS PUBLICATION HAS 2 COMMENTS
ADD YOUR COMMENT
It is a win-win situation. you make more money if no tax is taken from your income, and businesses have no additional liabilities to the employee and save money in the mean time.

I pay taxes as a person is supposed to do, but if you're one of the many people around here trying to literally survive of course you would take the job that offers 20% more, since they don't cut it out of your pay. If you get hurt, it doesn't matter- the hospital will take care of you anyway.

One thing that is very interesting in Estonia, is they tack 20% value-added tax on just about everything. I get my car fixed-hourly rate + parts + 20% VAT. So, what do I do-- I pay somebody straight up cash to fix my car nowadays. I save money, he makes more. Thats a real free-market system :D

That's why people do it... Reply to the comment answer
~Another Ameeriklane [15.06.2012, 16:29]
rate it
answer
Reply to the comment
It's funny that a year or so ago, several punters on this site claimed there was no grey economy at all. ROFL!!! Reply to the comment answer
~Money, money, money [15.06.2012, 18:31]
rate it
answer
Reply to the comment
Main news