"There are two major trends taking place that are shaping up as a recipe for disaster. On the one hand, we have massively indebted governments around the world desperate for tax revenues and, on the other, steadily growing multi-trillion underground economies whose main goal is to avoid paying them.
According to a study done earlier last year, the amount of uncollected tax revenues in the US is estimated around a whopping 500 billion dollars, with the total size nearing 8 percent of America’s GDP."
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