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The Warsaw Voice » Business » October 6, 2017
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Over 40 billion loss due to shadow economy
October 6, 2017   
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Poland's budget might have lost PLN 40.5 billion in 2015 due to the shadow economy and illegal business activity, the daily Dziennik Gazeta Prawna writes, citing its own calculations based on the recent data from the stats office GUS.
The biggest share of the hidden income, amounting to 11% of Poland's GDP, comes from the companies that operate on the market legally, with retail, car servicing, hospitality, construction and real estate services leading the ranking of sectors with the biggest shadow economy.
The latter is expected to diminish as of this year, though, due to the better economic situation and newly introduced tax system tightening solutions, the Plus Bank chief economist Wiktor Wojciechowski comments for the daily.
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