Free Economy Institute
Minimization of the shadow economy

The application of the new economic policy in the five-year period will lead to a gradual decrease in the level of the shadow economy to 8% relative to official GDP.



This reduction in the shadow economy is achieved due to several factors:

  • simplification of the tax system;
  • minimizing the tax burden, which will allow the economy to generate profit without the use of minimizing survival mechanisms;
  • minimize smuggling incentives;
  • lack of income tax and the need to minimize this tax;
  • low rates both on the distribution of dividends within the country and on the withdrawal of dividends abroad;
  • automatic taxation and tax collection.