Bureau Recommends: Negative effects- the black economy and tax evasion
A Financial Times investigation into how economic globalisation and weak government have combined to fuel the development of black economies on the fringes of Europe.
The article looks at an illegal black economy embracing citizens across the EU and immigrants from Africa and Asia.
The piece explains how workers in the black market avoid taxes, pushing up tax bills for those who do pay – in turn pushing people into the black economy, creating a vicious circle.
