Ci­tadele: busi­ness­men be­lieve grey econ­omy has a ten­dency to de­crease

Baltic News Network - - News -

73% of Lat­vian busi­ness­men be­lieve the vol­ume of grey econ­omy in their rep­re­sented in­dus­try is ei­ther low or nonex­is­tent. In ad­di­tion, the grey econ­omy has a ten­dency to re­duce, ac­cord­ing to re­sults of Ci­tadele In­dex. Busi­ness­men gen­er­ally be­lieve the new tax re­form will not have a ma­jor im­pact on the pro­por­tion of grey econ­omy in Latvia.

The ma­jor­ity of in­ter­viewed busi­ness­men (60%) be­lieve that the vol­ume of grey econ­omy in their rep­re­sented in­dus­try is ei­ther small or very small. 13% of busi­ness­men be­lieve their in­dus­try has no grey econ­omy at all, whereas 23% of busi­ness­men be­lieve the pro­por­tion of grey econ­omy is ei­ther large or very large. Com­pared with spring, there are 18% more busi­ness­men now who be­lieve the pro­por­tion of grey econ­omy in their in­dus­try is ei­ther small or non-ex­is­tent. 5% less busi­ness­men be­lieve the pro­por­tion of grey econ­omy is large.

71% of ser­vice in­dus­try rep­re­sen­ta­tives and 65% of pro­duc­tion in­dus­try rep­re­sen­ta­tives are very op­ti­mistic. They say that the pro­por­tion of grey econ­omy in their re­spec­tive in­dus­tries is ei­ther very small or non-ex­is­tent. Grey econ­omy is men­tioned as the most se­ri­ous prob­lem the most of­ten by trade com­pa­nies (30%). When asked if grey econ­omy is in de­cline or on a rise, 46% of busi­ness­men said the cur­rent es­ti­mated vol­ume re­mains un­changed. 30% be­lieve it is in de­cline, whereas 6% be­lieve the grey econ­omy is on a rise. De­cline of grey econ­omy is men­tioned most of­ten by busi­ness­men work­ing in con­struc­tion in­dus­try (46%). Rep­re­sen­ta­tives of most other in­dus­tries be­lieve grey econ­omy re­mains un­changed. Busi­ness­men’s views in re­gards to the ef­fect Fi­nance Min­istry’s new tax re­form could have on grey econ­omy were more pos­i­tive in spring 2017 than they be­came at the end of 2017. While in spring the ma­jor­ity (37%) of in­ter­viewed busi­ness­men be­lieved this re­form would help re­duce grey econ­omy, now the ma­jor­ity of in­ter­viewed busi­ness­men (45%) be­lieve it will not have a ma­jor im­pact. 24% of in­ter­viewed busi­ness­men be­lieve the re­form will help re­duce grey econ­omy.

Edijs Pālens/LETA

Newspapers in English

Newspapers from Latvia

© PressReader. All rights reserved.