1784
0
Study: More undeclared work in the Corona crisis
Study: More undeclared work in the Corona crisis; Millions of people are on short-time work in the Corona crisis, and many have even been unemployed.
Yazar: Zack Smith
Yayınlanma: 2 Ağustos 2020 17:52
Güncellenme: 11 Kasım 2024 01:30
Millions of people are on short-time work in the Corona crisis, and many have even been unemployed. To increase their income, many illegal jobs could go. For the state, this means a loss of billions of tax dollars.
According to experts, undeclared work in Germany is on the rise more than previously assumed due to the corona pandemic. According to a new calculation by the economist Friedrich Schneider from the Johannes Kepler University in Linz for "Welt am Sonntag", the share of undeclared work in the gross domestic product has increased from around nine to eleven percent this year. This corresponds to an increase compared to the previous year of 32 billion to about 348 billion euros.
"People have more time due to short-time work''
Schneider regularly provides an estimate of undeclared work with the Institute for Applied Economic Research in Tübingen. At the end of May; he had forecast an increase to around 344 billion euros. According to earlier information, the shadow economy in Germany has declined annually since 2003 - except for 2009 during the financial crisis. Schneider explains this as follows: If the situation on the labor market is good, employees are desperately needed and the economy grows; there will be less undeclared work. Because of the current economic downturn; people tried to make some extra money in addition to short-time work. "People have more time due to short-time work and sometimes a big drop in income; which drives them into the shadow economy," he said. In this context; the head of the "business practices"; Lars Feld; criticized the bill passed by the Federal Cabinet, according to which work contracts and agency work should be banned in the meat industry. "The state should refrain from taking additional measures under the guise of the corona crisis to drive workers into the informal economy," the economist told the newspaper. You might also be interested in:The U.S. has decided to apply a 25 percent customs tax on French products
İLGİLİ HABERLER
European stocks soared and focus shifted to German retail sales after Powell's speech!
Forex Signal For TRY/USD: Inflation Slowdown in November.
Forex Signal For GBP/USD: Bullish Trend Still Not Breaking While Recovery Continues.
Forex Signal For EUR/USD: Starry US Data Points to Higher Fed Increases.
Forex Signal For BTC/USD: Downside Continues as Bitcoin Recovery Moves Less.
En Popüler Haberler
Yorum Yap
Yorumlar
Henüz yorum yapan yok! İlk yorumu siz yapın...