Gray economy still takes large bite out of budget
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Good economic conditions and falling unemployment have reduced the extent of activities hidden from tax authorities. But the budget is still losing ten of billions PLN every year, Dziennik Gazeta Prawna reports.
In 2014, the gray economy and illegal activities generated 13.3 percent of GDP, down 0.5 percent from the previous year, according to the lastest data from the Central Statistical Office (GUS). The hidden economy had a value of around PLN 229 billion, most of it in the gray economy, which includes activities that legal companies hide from the tax authorities.
