The Shadow Economy
THE SHADOW ECONOMY M= POPULATION GROSS = DOMESTIC Tax evasion is the illegal non-payment of tax to the government of a jurisdiction to which it is owed by a person, company, trust or other organisation who should be a taxpayer in that place. M 62,300,000 PRODUCT 2,246,079 m 280,760 m - SHADOW "ECONOMY M 46,162,024 1,407,405 m A 316,666 m millions of Presented here are the ten countries with the largest shadow economies. The large central percentages represent the shadow economies as a proportion of the country's GDP. US$ SPAIN U.K. BRAZIL M 190,755,799 O 2,087,890 m A 814,277 m ITALY Mt 60,705,991 - 12.5% 22.5% 2,051,412 m 553,881 m 27% 39% t 1,339,724,852 5,878,629 m 746,586 m RUSSIA M 142,914,136 ,1,479,819 m 648,161 m 43.8% 12.7% CHINA M 312,582,000 U.S. 8.6% 39% 14,582,400 m 1,254,086 m . GERMANY 11% 15% TOTAL TAX LOST DUE TO M 81,724,000 3,309,669 m 529,547 m THE SHADOW ECONOMY U.S. - 337,349 m BRAZIL - 280,111 m ITALY - 238,723 m RUSSIA - 221,023 m GERMANY - 214,996 m FRANCE - 171,264 m JAPAN - 171,264 m CHINA - 134,385 m M 127,720,000 O 5,497,813 m å 604,759 m JAPAN M 65,821,885 E 2,560,002 m A 384,000 m FRANCE U.K. - 109,216 m SPAIN - 107,350 m Source: http://www.tackletaxhavens.com/Cost_of_Tax Abuse_TJN%20Research_23rd_Nov_2011.pdf
The Shadow Economy
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