Entrepreneurs also suffer from the informal economy Entrepreneurs also suffer from the informal economy

Entrepreneurs also suffer from the informal economy

Peter Boorsma Country manager View profile

Many Latin American entrepreneurs suffer from competition from informal companies. These companies do not pay taxes or social security contributions and they also ignore labor laws, which means that they can work much more cheaply. Later this year, DECP will bring representatives of South American business organisations and the OECD together to come up with solutions.