The market and companies themselves become matured to operate on transparent terms and to refrain from grey schemes, Minister of Economic Development Maxim Oreshkin believes.
"The shadow economy exists in any country, even in developed ones. The share of it is bigger in some countries, and smaller in others, but, as it seems to me, we stand a chance to win, in principle the market and concerns themselves reach maturity to operate legitimately and to do away with shadow schemes," he said in an interview to BFM.
He also noted that mid-sized businesses, to a large extent, are part of the shadow economy, but over the past few years "in one market or another they tend to come to terms with one another".
"The main problem related to the operation on transparent terms is the fact that a company finds itself beyond the competitive market. If your rivals continue to operate on shadow terms and not to pay taxes and so on, they hold clear competitive advantages, and you simply begin to lose the competitive struggle. And here the objective is to encourage all of them to shift to transparent terms of business, then this shift will be much easier to achieve and it will not distort competition," the MED head added.
