Description: Reducing Undeclared Employment in Hungary : Synthesis Report of The World Bank Study

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Reducing Undeclared Employment in Hungary : Synthesis Report of The World Bank Study

Undeclared work and incomes are a serious concern for the Government of Hungary, primarily because of the negative consequences for the country's already difficult fiscal situation. The Government has already introduced a number of reforms int...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCOUNTING ADMINISTRATIVE BURDEN AUDITS AVERAGE WAGE AWARENESS CAMPAIGN BANKING SYSTEM BARRIER BARRIER TO ENTRY BARRIERS TO ENTRY BENEFICIARIES BEST PRACTICE BROCHURE BUDGETING BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS REGULATIONS BUSINESS TAX CASH PAYMENT CASH PAYMENTS CONSUMER CONSUMERS CONSUMPTION TAXES CONTRIBUTION CONTRIBUTION SYSTEM CONTRIBUTION SYSTEMS CONTRIBUTIONS CORPORATE TAX CREDIBILITY CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS DEBT DEBT BURDEN DEFINED BENEFIT PENSION DEFINED-BENEFIT PENSION DEFINED-CONTRIBUTION PENSION DEREGULATION DISABILITY DISPOSABLE INCOME DISPOSABLE INCOMES DOCUMENTATION REQUIREMENTS EARLY RETIREMENT EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ELECTRICITY ELECTRONIC REGISTRATION EMPLOYER CONTRIBUTIONS ENFORCEMENT MECHANISMS ENTERPRISE PERFORMANCE ESTATE TAX EXCLUSION EXPENDITURE FINANCES FINANCIAL CONSEQUENCES FINANCIAL DIFFICULTIES FINANCIAL DISADVANTAGES FINANCIAL INSTABILITY FINANCIAL SITUATION FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL POSITION FLAT TAXES FRAUD GOVERNMENT EXPENDITURES GOVERNMENT INVESTMENT GOVERNMENT REGULATION GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS REVENUES HEALTH INSURANCE HOUSING HOUSING AUTHORITY HUMAN DEVELOPMENT HUMAN RESOURCES INCOME INCOME LEVEL INCOME TAX INCOME TAXES INCOME ~~~ ~ SOURCE INCOMES INFORMAL ECONOMIES INFORMAL ECONOMY INFORMATION CAMPAIGN INFORMATION CAMPAIGNS INPUT TAX INSTITUTION BUILDING INSTRUMENT INTEREST RATES INTERNATIONAL BEST PRACTICE JOB CREATION JOB LOSSES JURISDICTION LABOR FORCE LABOR MARKET LARGE BUSINESS LARGE FIRMS LAW ENFORCEMENT LEGAL PROTECTION LIABILITY LIBERALIZATION LICENSES LIMITED LIABILITY LIMITED LIABILITY COMPANY LIVING STANDARDS LOCAL GOVERNMENTS LOCAL TAXES LOW-INCOME MARGINAL RATE MARGINAL RATES MARGINAL TAX RATE MARGINAL TAX RATES MARKET CONDITIONS MARKET FAILURES MARKET REGULATION MARKET REGULATIONS MINIMUM CAPITAL REQUIREMENT MINIMUM CAPITAL REQUIREMENTS MINIMUM WAGE MINIMUM WAGES MODERN BANKING NOTARIES PENSION PENSION BENEFITS PENSION SYSTEM PENSIONER PENSIONS PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES PREMIUM PAYMENTS PRIVATE SECTOR PRODUCTIVITY PUBLIC PUBLIC CAMPAIGNS PUBLIC EMPLOYMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC GOODS PUBLIC INFORMATION PUBLIC POLICIES PUBLIC PROCUREMENT PUBLIC SPENDING PURCHASING POWER REAL ESTATE REAL INTEREST REAL INTEREST RATES REGISTRATION FEES REGISTRATION PROCESSES REGISTRY OFFICE REGISTRY OFFICES REGULATORY BARRIERS REGULATORY ENVIRONMENT REGULATORY REQUIREMENTS RESPONSIBILITIES RETIREMENT RETIREMENT AGE RETIREMENT PENSION RETURN REVENUE SOURCES SAFETY NET SALES SAVINGS SELF-EMPLOYMENT SINGLE TAXPAYER SKILLED WORKERS SMALL BUSINESS SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE SYSTEMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL WELFARE STAMP DUTIES STAMP DUTY STATE GUARANTEES STUDENT LOANS TAX ADMINISTRATION TAX AUDITS TAX AVOIDANCE TAX BASE TAX BURDENS TAX COLLECTION TAX CONCESSIONS TAX CREDIT TAX CREDITS TAX CUTS TAX ENFORCEMENT TAX EVASION TAX INCREASES TAX LIABILITIES TAX POLICY TAX RATE TAX RATES TAX RECEIPTS TAX REFORM TAX REFORMS TAX REGIME TAX REVENUE TAX REVENUES TAX SYSTEM TAX SYSTEMS TAX TREATMENT TAX TREATMENTS TAX WEDGE TAX WEDGES TAXABLE INCOME TAXATION TAXPAYER SERVICES TAXPAYERS TRANSACTION TRANSACTION COSTS TRANSITION COUNTRIES TRANSPARENCY UNEMPLOYED UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFITS UNSKILLED WORKER UNSKILLED WORKERS UTILITIES VOLATILITY WAGE WAGE COSTS WAGES WAREHOUSE WITHDRAWAL YOUNG PEOPLE
Online Access:	http://documents.worldbank.org/curated/en/2008/05/9604455/hungary-reducing-undeclared-employment-synthesis-report-world-bank-study http://hdl.handle.net/10986/8115

Description
Summary:	Undeclared work and incomes are a serious concern for the Government of Hungary, primarily because of the negative consequences for the country's already difficult fiscal situation. The Government has already introduced a number of reforms intended to reduce undeclared economic activity. Much of the effort to this point has focused on strengthening the "stick" through enforcement and sanctions. A successful strategy to combat the undeclared economy also requires more effective "carrots" that improve the incentives to operate in the formal sector. The most important measures will involve reforms to lighten the tax burden, especially on labor. Public information and education is the final element in a strategy to move Hungary to the "tipping point" in the struggle against the undeclared economy.