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What is The Shadow Economy

Chapter 41
Encyclopedia of E-Commerce Development, Implementation, and Management
All market-based legal production of goods and services that are deliberately concealed from public authorities in order to avoid: 1) payment of income, value added or other taxes; 2) social security contributions; 3) certain legal labor market standards, such as minimum wages, maximum working hours, safety standards, etc.; and 4) certain administrative obligations, such as completing statistical questionnaires or other administrative forms (Schneider, 2012, p. 6).
Published in Chapter:
E-Business Adoption by Small Tourism Firms and Shadow Economic Practices
Zhelyu Vladimirov (Sofia University, Bulgaria)
Copyright: © 2016 |Pages: 15
DOI: 10.4018/978-1-4666-9787-4.ch041
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