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Mauritius: The underground economy brings 1.7 billion euros and boosts the consumption




Mauritius: The underground economy brings 1.7 billion euros and boosts the consumption
According to some economic experts, the underground economy in Mauritius brought 1.7 billion euro or nearly 20% of GDP over the island (€ 8.46 billion euro).
 
A colossal sum that does not fit into the coffers of the Mauritian State and flew directly into the pockets of street vendors, illegal gamblers, drug dealers, prostitutes, crooked financial sponsors, unlicensed transporters and those that generate income from illegal activities, as reports the newspaper Lexpress of Mauritius.

All businesses small or more substantial must be registered in Mauritius and 15% VAT should according to several economists, push much of the work behind the scenes to leave the ways of illegality.
 
However another economist believes that the Mauritian consumption in the "gloom" is currently being driven by money from this underground economy, because traditional tourists are no longer spending at the level in recent years.
 
In addition, "there is no job creation ... and the big companies of the island are recording decline in profits"...



Fabrice François


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