Research: Entrepreneurs Still Report Too Low Income to Tax Authorities

Entrepreneurs often report lower wages to the Tax Authorities than are legally permitted. Because the Tax Authorities rarely check, entrepreneurs and their tax advisors feel free to report a less accurate estimate of the salary. This is the conclusion of SEO Economic Research. The Tax Authorities are estimated to be missing out on almost 5 billion euros in tax revenue. SEO Economic Research was commissioned by the Ministry of Finance to look int…