Coronavirus (COVID-19) updates from the Australian Government

Black economy

False

The black economy refers to people who operate entirely outside the tax and regulatory system or who are known to the authorities but do not correctly report their tax obligations.

It encompasses a wide range of practices, including understatement of takings, the payment and acceptance of cash wages off the books, welfare fraud, sharing economy contractors not declaring their income, moonlighting and phoenixing (where businesses deliberately liquidate to avoid paying employees and creditors). Complex interactions with illegal activities, including money laundering, must also be taken into account. Other terms used include: the shadow economy, cash economy, underground economy or the cheating economy.

Participation in the black economy penalises honest taxpayers, undermines the integrity of Australia's tax and welfare systems and creates an uneven playing field for the majority of small businesses doing the right thing.

If left unchecked, black economy participation can lead to a dangerous dynamic. It can foster a culture which legitimises and supports this participation, spurring its further growth. As revenues fall, those remaining in the formal economy may be faced with higher tax burdens, providing a greater incentive to move into the shadows. All other OECD countries are grappling with the black economy issue – Australia is not alone.

Contact

Questions regarding the Black Economy can be emailed to blackeconomy@treasury.gov.au. Media enquiries can be sent to medialiaison@treasury.gov.au.

Related information

 

友情链接:一本道AV免费高清无码|日本电影100禁在线看|思思福利导航  欧美日韩成人  国产a片|国产av小电影在线观看|欧美av|欧美A片|国产亚洲Av在线  韩国三级片大全在线观看|免费韩国成人影片|韩国三级片  野狼社区|开心激情五月天|野狼社区在线  韩国三级片|香港经典三级|韩国三级片大全在线观看|免费韩国成人影片  韩国三级片大全在线观看-大香蕉在线影院-香港经典三级-韩国三级片  韩影网|韩国电影|三级|韩国伦理片|伦理电影手机在线观看  韩国三级片大全在线观看|香港经典三级|大香蕉在线影院|韩国三级片  香港经典三级|免费在线观看的黄片|a片毛片免费观看|夫妻性生活影片  大香蕉在线影院|韩国三级片|香港经典三级|免费韩国成人影片  一夜七次郎官网-99XXXX开心情色站-一夜七次郎  第一福利视频草莓|第一福利社区|第一福利官方导航  你懂得电影  大香蕉伊人久草AV|日本毛片基地|亚洲AV|久久99re热在线播放  国产a毛片在线播放  俺去也老色哥|色七七影院|俺也去网|桃花色综合影院  不卡的无码高清的av|日本AV不卡在线观看|不卡的av日本影片在线  夫妻性生活影片-a片毛片免费观看-免费在线观看的黄片  欧美av|美国十次|美国十次啦网站  香港经典三级|免费在线观看的黄片|a片毛片免费观看|夫妻性生活影片  东京热一本道色综合网-一本道在线电影-一本道理在线不卡免费  琪琪色原网站影院|琪琪色影院|琪琪色原网站影院  蔓草社区|日嗷嗷|777米奇影院|789私人影院|日嗷嗷在线影院  无码av高清毛片在线看|日本一级特黄大片|A级高清免费毛片av  欧洲大香蕉|在线观看视频在线|很很鲁在线视频播放  色七七影院|日本无码不卡中文免费v|日本无码不卡高清免费av在线  a片毛片免费观看|爱爱视频在线观看|成人a片毛片免费观看  欧美视频毛片在线播放-欧美成人网站-亚洲人成视频在线播放  av男人天堂网-男人天堂影院-亚洲电影男人天堂-天堂影院av