Belgium: Selected Issues
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Measuring the size of the underground economy is obviously a difficult task. This paper reviews the literature, as applied to Belgium and elsewhere, on the determinants of the gray economy. The methods that have been used to measure the size of the gray economy are also discussed. The estimates for Belgium are updated using the currency demand approach. The major theory of the gray economy focuses on taxes, which drive a wedge between net incomes and gross labor costs.
Series:
Country Report No. 2000/049
Subject:
Currencies Economic sectors Income and capital gains taxes Informal economy Labor Money Social security contributions Taxes
English
Publication Date:
April 7, 2000
ISBN/ISSN:
9781451803150/1934-7685
Stock No:
1BELEA0022000
Pages:
14
Please address any questions about this title to publications@imf.org