Bulgaria Ranked Third in EU in Tax Evasion

Politics » BULGARIA IN EU | September 16, 2008, Tuesday // 00:00

Bulgaria ranks third in the European Union in tax evasion, according to a report prepared by Associazione Contribuenti Italiani and the Klrs Network of Business Ethics.

The grand total sum of the tax evasion frauds in Bulgaria amounts to 18% of the country's GDP, according to the research, Pronto Sofia reported.

Italy is ranked first - the sum of the evaded taxes there is believed to amount to 23% of its Gross Domestic Product. Romania is a close second with 18%.

The EU members with the lowest levels of tax evasion are the UK (6% of its GDP), Belgium (5%), and Sweden (3%).

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