Date: 2 September 2016

Location: Sofia, Bulgaria
Organisers: Center for the Study of Democracy (CSD), Sheffield University Management School, Institute of Public Finance (Croatia)

Overview:
This conference addressed the growing issue of shadow economies in developed countries, focusing on Bulgaria, which has the largest shadow economy in the EU. Organised by CSD, Sheffield University, and the Institute of Public Finance, the event gathered academics, policymakers, and officials to explore the causes, impacts, and policy responses to undeclared work and informal economies.

Key Themes:

• The scope and motivations behind informal economic activities
• Tax morality, institutional theory, and governance challenges
• Policy measures to improve compliance among taxpayers and businesses

Highlights:
Participants shared insights and agreed that addressing shadow economies requires complex, coordinated policies. The event highlighted the importance of ongoing research and collaboration in effectively tackling informal economies.