Tax Evasion and the Shadow Economy in Hungary

Ádám Balog
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Ádám Balog: Hungarian National Bank

Society and Economy, 2015, vol. 37, issue supplement, 11-28

Abstract: The fight against the shadow economy and tax evasion is among priority policy objectives in most developed countries. In addition to causing significant budget revenue shortfalls, the shadow economy and tax evasion distort the quality of statistics and market competition. Based on the theoretical and empirical literature, this paper presents the underlying reasons behind the shadow economy and estimates on the size of the shadow economy in Hungary. Furthermore, it draws conclusions on the whitening effects of recent policy measures, based on the most recent statistics of the National Labour Office and the retail sales statistics.

Keywords: tax evasion; shadow economy (search for similar items in EconPapers)
JEL-codes: H26 O17 (search for similar items in EconPapers)
Date: 2015
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