All articles by Jeremy Woolfe

Jeremy Woolfe

Countering Europe’s shadow economy

Some 2 trillion of Europes economy goes unreported, often thanks to the anonymity of cash Electronic payments will go a long way to countering this shadow economy, reports Jeremy Woolfe, who attended a high-level debate on the issue held in Brussels earlier this month A painter offers his works for cash at half price by doing it outside the official economy and avoiding taxes