Missing association register information as a risk of the shadow economy ›
19.8.2024 Tax Administration
The Grey Economy Information Unit used taxation information to examine the shadow economy risks of non-profit associations. Based on the restricted tax audit information, associations engage in business activities outside the Finnish Tax Administration’s VAT Register, for example. Only around half of the associations registered in the Register of Associations are in the Finnish Tax Administration’s customer register.
Short lifecycle companies are used as shadow economy tools ›
10.6.2024 Tax Administration
According to a recent report, roughly a third of companies with a short lifecycle carry a high shadow economy risk. Short lifecycle companies were not engaged in any external business activities, as their only purpose was to forward funds, enabling unfounded tax benefits for other companies in the same arrangement.
New ways of working have changed supervision ›
20.5.2024
In labour markets, the shift away from employment relationships to various forms of entrepreneurship is still intensifying, while abuse associated with these new ways of working have increased. The information is based on the results of a survey by the authorities combatting the shadow economy at the beginning of 2024 to observe changes in the operating environment.