Short lifecycle companies are used as shadow economy tools ›
10.6.2024 Tax Administration
According to a recent report, roughly a third of companies with a short lifecycle carry a high shadow economy risk. Short lifecycle companies were not engaged in any external business activities, as their only purpose was to forward funds, enabling unfounded tax benefits for other companies in the same arrangement.
New ways of working have changed supervision ›
20.5.2024
In labour markets, the shift away from employment relationships to various forms of entrepreneurship is still intensifying, while abuse associated with these new ways of working have increased. The information is based on the results of a survey by the authorities combatting the shadow economy at the beginning of 2024 to observe changes in the operating environment.
Good results obtained from the ending Action Plan ›
20.5.2024
In 2020–2023, more than 50 projects tackling the shadow economy and economic crime were carried out in Finland. They succeeded in preventing abuses, promoting healthy competition between companies and supporting a fair labour market by improving the transparency and openness of business activities, for example.