Foreign experience in combating the shadow economy

Abstract

The shadow economy is one of the key problems hindering the sustainable development of states, as it undermines tax revenues, contributes to the growth of corruption and distorts the competitive environment. This work examines the foreign experience of combating the shadow economy, including strategies and mechanisms that are used in various countries.

In this scientific article, special attention is paid to the following aspects:

            The role of transparent legislation, improvement of the tax system and implementation of anti-corruption measures is analyzed. Digitalization methods such as the introduction of electronic payment systems, online declaration of income and the use of blockchain technologies are considered. The article examines approaches to stimulating legal economic activity, including tax incentives and programs to support small and medium-sized businesses. The importance of joint efforts in countering transnational tax evasion and money laundering schemes is analyzed.

            In the scientific article, the authors present a comparative description of successful practices of countries with different levels of economic development, such as Singapore, Sweden, Germany, South Korea and the USA, etc. Based on the studied experience, recommendations adapted for use in developing economies are proposed.

The abstract emphasizes the importance of an integrated approach combining regulatory, technological and social measures to effectively combat the shadow economy.