25% of the local economy is black

About 25% of the entire economy of Almería is “black”, or in other words, is undeclared and no tax is paid on it. And the percentage is expected to grow as the recession bites. That’s according to the Tax Office, no less. Lástima que no haya un Nobel de Economía sumergida. — Hugo Bonet (@HugoBonet) October 15, 2012 Frankly, I reckon it’s higher than that. I was in a well known mechanics in Vera the Continue reading 25% of the local economy is black