Payment information is required for effective control of e-commerce

Card payments received by online stores in third countries are often transferred in the EU. This makes it more difficult to see the full picture of how much online trading takes place in third countries. There are also great differences in how payments to online stores in various countries are transferred.

Foreign labour and the shadow economy

Use of foreign labour poses numerous risks of abuses. The employer might violate the minimum terms and conditions of employment contracts by underpaying wages. The employer may be motivated to use cheaper foreign labour to avoid taxes and other statutory payments, in order to obtain financial benefits.

Tax evasion in investment activities is changing

International investment activities involve several tax evasion and income hiding phenomena. According to a recent report, more effective legislation is also needed in order to combat them. Concealment of income and assets from the tax authorities has become more difficult during the past few years. Consequently, individuals who were earlier utilising bank secrecy for tax evasion purposes have been trying to find new ways to evade taxes.

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

Spain: Airbnb has appeal crashed by Supreme Court

12/13/2019
Spain's Supreme Court has rejected the appeal put forward by Airbnb against a ruling by the Government the region of Valencia for not offering a record of the properties Airbnb had put on offer in...

Estonia: Police warns of fraudsters claiming to be able to return lost funds

12/12/2019
Estonian police authorities have issued a warning against fraudsters targeting Estonian investors and promising them assistance in returning previously lost funds. According to the Police North...

Sweden: Ericsson under investigation by National Anti-Corruption Unit

12/12/2019
The Swedish Prosecution Authority's (Åklagarmyndigheten) National Anti-Corruption Unit confirmed that there's an ongoing preliminary investigation into the telecom giant Ericsson in light of the...