Tackling the Hidden Economy: Towards a holistic approach
Manchester Metropolitan University Business School
Part of the Contemporary Issues in Economics and Policy seminar series led by Future Economies at Manchester Metropolitan University, and HMRC.
The hidden economy has long posed a challenge to governments seeking to regulate and tax activities taking place in its shadows. In this presentation Professor Colin Williams, one of the world’s leading experts on the informal sector, will chart the evolution of policy approaches for tackling the hidden economy and how this manifests itself in changes in the policies deployed by tax authorities such as HMRC.
Professor Williams will discuss two contrasting approaches and examines not only the different policy initiatives pursued by each approach, but also how these approaches can be combined into a holistic strategy towards the hidden economy.
In presenting the characteristics of this holistic approach and the full range of policy measures used, the intention is to open up discussion of whether the full range of measures are being used by HMRC, and whether the current weighting given to different measures might be revisited.
— Professor Colin Williams is Professor of Public Policy in the Management School at the University of Sheffield. For the last two years, he has been lead expert supporting the European Commission’s European Platform Tackling Undeclared Work. He has published some 30 books and over 450 journal articles on the subject.