Compliance with common rules benefits everyone

Does venture capital also increase the risk of the grey economy? ›

20.9.2021  Finnish Tax Administration

Business financed through venture capital involves a higher risk of loss-producing operations and bankruptcy than start-up businesses. While crowdfunded companies are often in a weak financial situation, there are no signs of the grey economy.

Päivi Kantanen: Combat against undeclared work in the EU happens through cooperation ›

23.8.2021 Ministry of Economic Affairs and Employment  

The European Platform promotes cooperation between Member States to combat undeclared work in many different ways. Exchanging best practices to combat undeclared work helps the Member States to assess their own situation and identify issues requiring development.

Cartels raise prices to the detriment of customers ›

17.5.2021 FCCA

In a cartel, companies that compete with each other aim to restrict competition by reaching an agreement on the price or level or terms of production of a product or service. Typically, the aim is to raise prices and/or limit the output by entering into secret agreements.

The big picture of the grey economy and economic crime

The website on the grey economy and economic crime provides summarised information on the grey economy and economic crime in Finland. The website is maintained through the cooperation of the authorities engaged in combating the grey economy. Further information on the authorities is available under the section About this website.

The website will support the decision-making of authorities and political decision-makers. The information it provides will enhance society’s capabilities to react rapidly to the phenomena and harm associated with the grey economy and economic crime. In addition, the website will provide companies and citizens with information on how to act or protect themselves against such harm.

The big picture is a combination of various aspects

The website provides an overview of the topical phenomena of the grey economy and economic crime comprising the observations of a number of different authorities. In addition, the website offers both domestic and international estimates on the scope and amount of the grey economy and economic crime. The website also provides information on the impact of action taken to prevent the grey economy and economic crime based on the statistics of authorities, including company audits and their results. The website also follows the progress of various projects included in the operational programme concerning the grey economy and economic crime.

In addition, the website contains a selection of recent domestic and international news flows on the grey economy and economic crime.