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Shadow Economy Of Russia
The shadow economy () is one of the most controversial aspects of Russia's economic history. In 2011, according to official Rosstat estimates calculated using the GDP adjustment method, the degree of shadowization of the Russian economy was about 16% of GDP, with a turnover of about 7 trillion rubles a year. About 13 million people were involved in the shadow sectors of the economy; according to independent experts, 22 million Russians are employed in the informal sector. To calculate the share of the shadow economy in the country's GDP, the State Statistics Committee of Russia usually proceeds from the ratio to GDP of income from hidden and informal economic activities permitted by law. This technique complies with the recommendations of international organizations. It should be taken into account that the concept of hidden and informal production in statistics differs from the indicators of the shadow economy used to calculate the taxable base (). The dynamics of the volumes of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shadow Economy
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the . Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion in the . Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-eas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of The Russian Federation
After the collapse of the Soviet Union in 1991 and collapse of Soviet Russia's controlled economy, a new Russian Federation was created under Boris Yeltsin in 1991. The Russian Federation had multiple economic reforms, including privatization and market and trade liberalization due to the collapse of communism. The economy is much more stable than in the early 1990s, but inflation still remains an issue for Russia. Historically and currently, the Russian economy has differed sharply from major developed economies in terms of a weak legal system, underdevelopment of modern economic activities, technological backwardness, and lower living standards. Historical background For about 69 years, the Russian economy and that of the rest of the Soviet Union operated on the basis of a centrally planned economy, with a state control over virtually all means of production and over investment, production, and consumption decisions throughout the economy. Economic policy was made accordin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal State Statistics Service (Russia)
The Federal State Statistics Service (russian: Федеральная служба государственной статистики (Росстат), ''Federal'naya sluzhba gosudarstvennoi statistiki (Rosstat)'') is the governmental statistics agency in Russia. Since 2017, it is again part of the Ministry of Economic Development, having switched several times in the previous decades between that ministry and being directly controlled by the federal government. History Goskomstat (russian: Государственный комитет по статистике, ''Gosudarstvennyi komitet po statistike'', or, in English, the ''State Committee for Statistics'') was the centralised agency dealing with statistics in the Soviet Union. Goskomstat was created in 1987 to replace the Central Statistical Administration, while maintaining the same basic functions in the collection, analysis, publication and distribution of state statistics, including economic, social and population statis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Russia
The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. —Rosefielde, Steven, and Natalia Vennikova. “Fiscal Federalism in Russia: A Critique of the OECD Proposals.” Cambridge Journal of Economics, vol. 28, no. 2, Oxford University Press, 2004, pp. 307–18, . —Robinson, Neil. “August 1998 and the Development of Russia’s Post-Communist Political Economy.” Review of International Political Economy, vol. 16, no. 3, Taylor & Francis, Ltd., 2009, pp. 433–55, . —Charap, Samuel. “No Obituaries Yet for Capitalism in Russia.” Current History, vol. 108, no. 720, University of California Press, 2009, pp. 333–38, . —Rutland, Peter. “Neoliberalism and the Russian Transition.” Review of International Political Economy, vol. 20, no. 2, Taylor & Francis, Ltd., 2013, pp. 332–62, . —Kovalev, Alexandre, and Alexandre Sokalev. “Russia: Towards a Market Economy.” New Zealand International Review, vol. 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NEWSru
NEWSru.com was a Russian online news site, based in Moscow, which had a government-critical orientation. History NEWSru.com was originally launched in 2000 at the address ntv.ru. When the government took over the NTV network in 2000, with the network becoming part of OAO Gazprom Media, the site remained part of the media empire of former NTV owner, oligarch Vladimir Gusinsky. Yelena Bereznitskaya-Bruni replaced the initial Editor in Chief Igor Barchugov in 2001. In October 2002 the news site moved to another domain name, NEWSru.com and the original domain ntv.ru was transferred to the broadcasting company by mutual agreement. On May 31, 2021, the site announced it would discontinue its news reporting "for economic reasons, but ones caused specifically by the political situation in our country", but that the "entire archive accumulated over 21 years of work" would remain available. The Israeli branch ''newsru.co.il'' remains in operation. As of 2021, most of the former Russia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Economy Of The Soviet Union
The second economy in the Soviet Union was black market or the informal sector in the economy of the Soviet Union. The term was suggested by Gregory Grossman in his seminal article, "The Second Economy of the USSR" (1977).Authority on Soviet economy, Gregory Grossman, passes away . ''Berkeley News''. August 25, 2014. Economist Gerard Roland noted that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Economy Of China
The informal economy of the People’s Republic of China refers to a range of informal economic activity that stands outside of the recognized systems of regulations, taxation, and licenses. Although the term is sometimes understood to describe marginal, unregulated, and even criminal activity, there is considerable overlap between the informal sector and formal economy, and the informal economy serves an important societal function in contributing to employment and economic growth. The informal economy in China represents a large portion of domestic output, consumption and employment. Employment in the urban sector represents a major part of the Chinese economy: approximately half of urban Chinese workers belong to the informal economy as of 2004.Johannes Jutting and Theodora Xenogiani, "Informal Employment and Internal Migration:The Case of China," Organisation de Cooperation et de Developpement Economiques, (Beijing, Nov 2007).—a significant increase since the 1990s. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Economy
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge. In many cases, unlike the formal economy, activities of the informal economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). However, Italy has included estimates of informal activity in their GDP calculations since 1987, which swells their GDP by an estimated 18% and in 2014, a number of European countries formally changed their GDP calculations to include prostitution and narcotics sales in their official GDP sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
