The World Bank presented a study, on how to reduce the number of shadow economy jobs at the conference, which was organized together with the Ministry of Justice. Gordon Betcherman, the World Bank’s project director for the study, said the government has taken big steps to squeeze the shadow economy — the study mentions stricter tax and employment audits as well as bigger fines — but positive incentives are necessary too, not just sanctions. The study estimated Hungary’s shadow economy generates 15-25% of GDP. (MTI-Econews)
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