Spain gets serious about tackling the “black economy” – naaaah

Spain, which is under intense pressure from the financial markets and the EU to deal with the “black economy”, has finally announced the specifics of a new plan to combat tax evaders. Remember, the “black economy”, which consists of not declaring income, tax evasion, not signing workers onto the social and the like, accounts, according to some economists, of up to 25% of Spain’s GNP. The plan consists of giving the tax office (Hacienda) more Continue reading Spain gets serious about tackling the “black economy” – naaaah