InformalEconomy

Turkish Fortune Tellers Brace for the Unexpected: Tax Audits Loom

20 days ago

In a surprising twist, the ancient craft of fortune-telling in Turkey is intersecting with the modern world of finance as the government prepares to audit practitioners of this mystical trade. The shift has left many fortune tellers, who have long been synonymous with superstition and folklore, facing the prospect of extensive tax audits, disrupting their traditional ways of operating.

Zimbabwe Unveils Strategies to Tackle Informal Economy Growth

2 months ago

In a significant development, Zimbabwe's government is slated to introduce a series of measures aimed at curbing the rapid expansion of the informal sector, which has seen a dramatic rise in participation amidst ongoing economic challenges. The informal economy is often characterized by its lack of regulation, unregistered enterprises, and workers operating without formal contracts. This increasing trend poses a multitude of concerns for the nation's fiscal stability and economic planning.

UK Workforce Size Underestimated: Insights from Bank of England Analysis

4 months ago

The Bank of England has released a new analysis suggesting that the current data on the UK workforce may not accurately reflect its true size. This revelation poses significant implications for the country’s economic policies and projections, especially during a time when labor market metrics are closely scrutinized in the wake of post-pandemic recovery efforts.