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Volodymyr Vakhitov on how to reduce shadow economy rate in Ukraine

Volodymyr Vakhitov on how to reduce shadow economy rate in Ukraine

July 18, 2012

Volodymyr Vakhitov, KSE Assistant professor and KEI Senior economist, believes that in order to reduce the level of shadow economy in Ukraine the state should foster economic stimulation of entrepreneurs’ behavior.

In his special article for Business magazine KSE expert analyzes principal reasons of underground economy in Ukraine and suggests how this issue might be addressed by state power so that people would prefer to act legally rather than to hide income and give bribes to avoid any contacts with state authorities.

You may read the full article by following this link.