Last time I checked, it was estimated 35%, but this is very difficult to say. It was higher 30 years ago (like 50%), and we were in better shape in general. But new technology is helping the tax office to routinely and effectively denounce and extort citizens at higher rates. It is well known that Spain has the worst tax office in the world, half of the time acting illegally, but they are impune to justice.

That's why I think Bitcoin represents a hope for Spaniards. Only if they wake up...

javier

libertarian

Spain: 83 years old man put to prison for defending his house from a criminal

Thanks for sharing this. Interesting and very sad.

I'd be very curious to know more about how much of the economic transactions that take place in Spain, actually take place on the black market. I know there's a high unemployment rate, but are all these people actually unemployed, or are they just working under the table? Do people buy and sell without it being recorded by the government? 