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Hawkey, Allan Charles, 1941- :"Welcome to the hidden economy." 7 September 2011
Date: 2011
From: Hawkey, Allan Charles, 1941- :[Digital cartoons published in the Waikato Times].
By: New Zealand. Inland Revenue
Reference: DCDL-0018768
Description: Text reads 'Cash jobs in the Waikato estimated to result in lost taxes of $460 million a year... News.' A man standing on a footpath stares in astonishment at a manhole nearby from which comes a voice that says 'Welcome to the hidden economy.' Context: Waikato workers and bosses dodging the IRD by paying and pocketing cash mean about $460 million a year in lost taxes - and that's a conservative estimate. Yet many say they'd struggle to survive if they declared everything they paid out or earned. The OECD (Organisation for Economic Co-operation and Development) estimates New Zealand's cash economy - also known as the black or hidden economy - to be 7-13 per cent of gross domestic product (GDP). (Waikato Times 6 September 2011) Quantity: 1 digital cartoon(s).