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 Anarcho-Capitalist NEWS: Cash-in-hand economy and illegal drugs trade flourishing in OZschwitz - YaY!

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RR Phantom

RR Phantom

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Anarcho-Capitalist NEWS: Cash-in-hand economy and illegal drugs trade flourishing in OZschwitz - YaY! Vide
PostSubject: Anarcho-Capitalist NEWS: Cash-in-hand economy and illegal drugs trade flourishing in OZschwitz - YaY!   Anarcho-Capitalist NEWS: Cash-in-hand economy and illegal drugs trade flourishing in OZschwitz - YaY! Icon_minitimeThu Sep 12, 2013 6:14 pm

Australia's black economy and illegal drugs trade are officially worth $30 billion a year.

The Bureau of Statistics has estimated the nation's "underground production" - otherwise known as the cash economy - is worth 1.5 per cent of gross domestic product or about $24 billion a year.

The annual trade in illegal drugs is worth another 0.4 per cent of GDP or about $6.5 billion a year.

The bureau said the cash economy thrived in sectors of the economy where there was a low level of regulation and a high proportion of cash transactions.
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"It is concentrated in industries such as construction, accommodation, cafes and restaurants, personal and other services, and retail trade," the report said.

Read more: http://www.smh.com.au/national/cashinhand-economy-and-illegal-drugs-trade-costing-australia-billions-20130912-2tnmv.html#ixzz2eieoVGW1
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Anarcho-Capitalist NEWS: Cash-in-hand economy and illegal drugs trade flourishing in OZschwitz - YaY!

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