Greece Shown Way on Shadow Economy With Romanian Crackdown
A woman offers clothes on the street on March 8, 2015 in Chisinau, Moldova.
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After quitting his job as a driver to focus on peddling imported shampoo and coffee at a Bucharest market, Costin Dumbrava is on the lookout for Romanian anti-fraud agents intent on ruining his flourishing business.
The 45-year-old runs a stall selling goods shipped over from Hungary and Austria to throngs of customers lured by prices that undercut local supermarkets by a quarter. The secret of his success? He doesn’t pay income tax and he doesn’t charge his clients value-added sales tax.