An annex to the Def update note shows that, in relation to GDP, the value of the economy hidden from the tax authorities shows no signs of decreasing - Undeclared work is increasing - The numbers of tax evasion on Irpef are decreasing, but remain very high…
A very high level that becomes even higher given that these estimates are also added to those relating to the criminal and illegal economy - Overall, the value of the so-called "non observed economy" (that is, untraced, submerged activities...
The statistical institute has published its note on the "unobserved economy" which includes black and illegal activities. Together they represent 12,5% of the national GDP
According to the Minister of the Treasury, between 2012 and 2014 the lost tax revenue came close to 110 billion - 40,5% is unpaid VAT.
The figure is growing compared to that recorded in 2011, when the weight of the unobserved economy on the GDP was 12,4% - The undeclared economy reaches 194,4 billion, while illegal activities account for 17 billion euros…