According to this argument, the economy can be white, black, grey, brown, blue, green, and/or purple. The grey economy is also known as the informal or underground economy, which refers to trade ...

The grey economy in small and medium-sized companies amounts to approximately 120 million euros a year, according to the Finnish Tax Administration (Vero). This is around five per cent of the ...

The grey economy has flourished, particularly since 2015, when discriminatory taxes on non-filers - including levies on cash withdrawals - drove a sharp rise in currency circulation. The ratio of ...