The Informal Economy and Organized Crime

Economic crisis and “white informal economy” – a slippery slope

“…As argued in Dobovšek and Slak (2016b), the white segment of the informal economy is similar to Henry and Sills's (2006, p. 264) "informal unofficial economic activity" [4]. The crucial point is that activities or profits derived from these activities are legitimate in all ways, yet the latter are protected from taxes, confiscation or just further enriched with various questionable yet not illegal creative financial (accounting) measures (Dobovšek and Slak, 2016b). Examples range from cases of simple methods of hiding funds against confiscation (by e.g.…”

“…The lack of consensus and perceived complexity of the spheres of the (in)formal economy motivates us to provide a model that will categorise these different views. After some analyses (Dobovšek and Slak, 2016b), we propose a model of the informal economy which consists of white, grey and black segments. The comparison and differences between the segments can be seen in Table I.…”