FIGHTING “ENVELOPE WAGES” NOW AND IN THE FUTURE

In recent years, the shadow economy index in Latvia has not decreased. In 2018, it constituted 20.24% of GDP, and in 2021 – 20.22% of GDP.[1] “Envelope wages,” or undeclared employment income (obtained through double-entry bookkeeping and tax evasion), constitutes a significant part of the shadow economy. According to the SRS’s annual assessment conducted in […]

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