Home > Esec scope > Publications > Economic, financial and social consequences of the undeclared economy
Economic, financial and social consequences of the undeclared economy

Economic, financial and social consequences of the undeclared economy

Type of text : Opinion
Type of referral : Own initiative
Working group : Section for Economy and Finance

Rapporteur(s) :

Bernard FARRIOL
UNAF Group
Date adopted : 24/06/2014 | Period : 2010-2015

The report produced by the ESEC chooses a clear and precise definition which corresponds to a section of the non-observed economy as identified by the OECD, that is «all legal production activities that are deliberately concealed from public authorities [...] to avoid payment of income, value added or other taxes; to avoid payment of social security contributions [or] to avoid having to meet certain legal standards», and which covers all undeclared work and the understatement of declared income.