Romania Loses EUR22B A Year To Tax Evasion

07.22.2013 By Mădălina Dediu Panaete

Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy released at the end of last week. No. 1 in Eastern Europe is Poland, whose shadow economy amounts to EUR95 billion.

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Keywords:: tax evasion; , underground economy

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