2 ms·
3% to 5% of the entire world's GDP cannot come from organized crime since by definition organized crime operates outside the economy and is unaccounted for: no
by ly3xqhl8g9 4y ago
3% to 5% of the entire world's GDP cannot come from organized crime since by definition organized crime operates outside the economy and is unaccounted for: no respectable mobster keeps their double-entry bookkeeping tidy for the IRS.
3-5% of world GDP equivalent value being tied to organized crime could be possible, but seems like a low value, based on how many entities do you include into "organized crime": do you include all the rogue/terrorist states, do you include Russia, do you include money laundering banks like HSBC or ING, do you include tax evasion/fraud schemes (Double Irish With a Dutch Sandwich, or just a plain McSandwich [1]), do you include wage theft, and so forth.
[1] McDonald's to pay France $1.3 billion in tax fraud case https://www.business-standard.com/article/pti-stories/mcdonald-s-to-pay-france-1-3-billion-in-tax-fraud-case-122061601245_1.html https://www.business-standard.com/article/pti-stories/mcdona...