Shadow employment costs Ukraine’s state budget UAH 100B every year. When Ukrainian employers do not declare their employment relationships and pay salaries in cash, the state budget of Ukraine loses revenue, which amounts to about UAH 100B ($2.73B) every year. “... #AndriyKharchenko #ShadowSalaries #UkraineBudget #UkraineShadowEconomy
The Ukrainian budget will lose up to UAH 150 bln due to the payment of salaries in the grey sector. The Institute of Social and Economic Transformation research said that in 2020, shadow salaries caused enormous losses to the budget of UAH 110-150 bln. ($5.7 bln). In addition, the institute said tha... #ShadoweconomyinUkraine #ShadowSalaries #UkraineBudget
