Is combating the shadow economy like firefighting? 

A survey about the shadow economy targeted at the authorities yielded plenty of information on challenges faced in combating it. The answers show that the shadow economy is becoming more international, professional and serious. As a solution, they would like to step up cooperation and have a broader mandate to enhance their control efforts.

Government promises more money for actions against the shadow economy

The new Government Programme introduces extensive and detailed actions against the shadow economy. The Government Programme has approximately twenty proposals for actions that promote the fight against the shadow economy, with EUR 20 million earmarked for funding the proposed actions.

Prevent VAT fraud in your business

You may unintentionally participate in fraudulent trading, where someone in the trading chain attempts to avoid value added tax (VAT). All companies, whatever the size or line of business, face the risk of becoming involved in fraudulent activities. 

The big picture of the grey economy and economic crime

The website on the grey economy and economic crime www.grey-economy-crime.fi provides summarised information on the grey economy and economic crime in Finland. The website is maintained through the cooperation of the authorities engaged in combating the grey economy. Further information on the authorities is available under the section About this website.

The website will support the decision-making of authorities and political decision-makers. The information it provides will enhance society’s capabilities to react rapidly to the phenomena and harm associated with the grey economy and economic crime. In addition, the website will provide companies and citizens with information on how to act or protect themselves against such harm.

The big picture is a combination of various aspects

The website provides an overview of the topical phenomena of the grey economy and economic crime comprising the observations of a number of different authorities. In addition, the website offers both domestic and international estimates on the scope and amount of the grey economy and economic crime. The website also provides information on the impact of action taken to prevent the grey economy and economic crime based on the statistics of authorities, including company audits and their results. The website also follows the progress of various projects included in the operational programme concerning the grey economy and economic crime.

In addition, the website contains a selection of recent domestic and international news flows on the grey economy and economic crime.

News about the shadow economy and economic crimes

Netherlands: Councils use Bibob regulation to screen solar plant developments

8/16/2019
Local councils in the Netherlands have expressed concerns about the flow of funds in the solar energy sector. Councils use the money laundering regulation Bibob to screen the integrity of solar power...

Russia: Damage from illegal logging in Buryatia exceeds RUB 300mn

8/15/2019
Damage from illegal logging in the Republic of Buryatia (Far East) since early 2019 has exceeded RUB 300mn (EUR 3.90mn USD 4.50mn). Nearly 700 cases of logging were revealed. Regional authorities...

Europe: LATAM seeks to overturn or reduce collusion fine

8/15/2019
Chilean airline LATAM has confirmed that it is waiting for the European Court of Justice to issue its verdict regarding a possible fine cancellation or reduction. On 12 July 2019, the company took...