Article Tools

Black Economy is still Difficult to Control in Austria

Published: January 5, 2011; 00:28 · (Vindobona)

About 14% of the economic product evades the Treasury in the Austrian economy, but experts say the trend is declining again.

Black Economy is still Difficult to Control in Austria / Picture: © Vindobona.org

Services worth a good € 20bn annually evade taxes in Austria. According to the economist Friedrich Schneider of the University of Linz, the incentives to pursue illegal employment are decreasing again. The reason for this is the expansion of the labor market.

The number of full-time illegally employed people working in Austria is between 100,000 and 200,000. Schneider indicates…

This article includes a total of 256 words.

or Log In

Fast News Search
Related News
Experts: No Failures in the Austrian Labor Market (January 3, 2011)
Austrian Unemployment Further Declines (January 2, 2011)
Changes in Living Standard of Austrians (December 31, 2010)
Austria's Labor Market Opens (December 30, 2010)
Above-Average Labor Market Data for Austria (December 21, 2010)
WIFO: Economic boom persists, but also risks (December 20, 2010)
More Employees in Austria, Purchasing Power and Taxes Remain High. (December 15, 2010)
Read More
Black Economy, GDP Gross Domestic Product, Construction Industry, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Crime, Taxation, Workforce, Labor Market
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter