EU calls for crackdown on Europe's shadow economy, moonlighting
EU calls for crackdown on Europe's shadow economy, moonlighting
European Union officials on Wednesday called for a crackdown on moonlighting in Europe's shadow economy. Vladimir Spidla, the EU's employment chief, said Europe's black market economy "undermines the financing" of national social security programs and hinders efforts to boost economic growth. "There are no signs that the phenomenon is decreasing. Indeed in certain sectors and certain forms of work it appears to be growing," Spidla said. "We need to step up our approach and take more decisive action across the EU." He said more legal jobs could be created if EU governments reduce the tax burden on labor and high social security contributions taken off salaries, wages and overtime payments.
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