Annex 4. Work to combat the grey economy

  1. Finland’s strategy and Action Plan against the Shadow Economy and Economic Crime will continue, also after 2020.
  2. Further steps will be taken towards full automation of financial administration in businesses by introducing structured electronic receipts and invoices. The needs of small and medium-sized enterprises will be assessed in this transition.
  3. The tax authority will be given the necessary statutory powers and technological means to support optimally automated information gathering from operators in the digital platform economy for tax purposes.
  4. The need to expand the data content of VAT returns will be investigated.
  5. The tax number system that has worked well and prevented the grey economy in the construction industry will be introduced in shipbuilding. The need to introduce the tax number system in other high-risk sectors such as the tourism and restaurant sectors will be assessed along with the conditions required for this.
  6. The PRH-Tax Administration Business Information System (YTJ) could be expanded to include more comprehensive details for managing key business obligations.
  7. The powers of various authorities and the information exchange provisions they observe will be assessed with the objective of providing authorities with improved access to data on criminal backgrounds for the purpose of controlling the grey economy.
  8. The scope for authorities to investigate failures to meet reporting obligations will be improved. In addition, the adequacy of the related sanctions will be assessed.
  9. An obligation to keep accounts will be imposed on foreign companies with a fixed place of business in Finland.
  10. The possibilities will be examined for making sure the Finnish Tax Administration can receive information about trading in the nominee-registered shares of Finnish listed companies and about the parties to the transactions.
  11. The scope for placing information on the holders of nominee-registered shares of listed companies in a public register will also be investigated.
  12. The possibilities for expanding the reporting duties of banks and insurance companies regarding economic crime will be explored.
  13. Ways of ensuring that any secondary jobs and other similar financial interests of the research personnel of universities would be covered by a reporting duty and placed in the public realm will be explored.
  14. Opportunities for expanding independent investigative activities on the grey economy to also cover aggressive tax planning and the activities of private persons will be explored, and sufficient resources will be ensured for this.
  15. The legislation on the disclosure of tax information will be amended to ensure that any changes to tax information made after the close of the tax year will be made public.
  16. In the European Union, Finland will work to extend the reporting obligation of beneficial owners to cover all beneficial owners whose ownership is at least 10 per cent.
  17. New ways, such as administrative sanctions, will be examined for intervening in intentional or grossly negligent underpayment of wages.
  18. The duties of the customer ordering transport services will be expanded to include the duty to report overloads. Customers who order, pay for and receive goods transport services in which there is overloading will also be held responsible for the overloading. In such instances the customers would have neglected their duty to check in regard to the transport service provider.
  19. The customer’s responsibility regarding any breaches of driving and rest times by the transport service provider will be examined. Similarly, persons scheduling deliveries or customers ordering transport services with a delivery time request that is not feasible without violating the provisions on driving and rest times will be made responsible for such violations.
  20. Legislation and regulation on taxies and enforcement of such regulation will be revised with the objective of combating the grey economy, promoting effective competition and ensuring availability of taxi services everywhere in Finland.