Spain is giving companies three months to put their workers fully on the books under a new bill aimed at eradicating a black economy that account for up to 20 per cent of the economically ailing country's GDP.
Labor Minister Valeriano Gomez said Thursday that after this period heavier sanctions will be imposed and workplace inspections increased.
Gomez told Spanish National Television the decree would be passed Friday.
The bill aims to boost state coffers as Spain struggles to emerge from nearly two years of recession with a bloated deficit and a European Union-high unemployment rate of 20 per cent.
Many small and medium-sized companies have workers whom they pay fully or partially under the counter to skirt tax and social security obligations.
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