‘Shadow economy’ at 25 per cent of GDP, says ministry
Summary by Cyprus Mail
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‘Shadow economy’ at 25 per cent of GDP, says ministry
The ‘shadow economy’ in Cyprus accounts for about a quarter of Gross Domestic Product, the finance ministry said on Tuesday as it stressed that the upcoming overhaul of the tax system is designed to enhance equal treatment of taxpayers while attracting foreign investment. In a statement, the finance ministry said…
·Nicosia, Cyprus
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