Illegally-obtained income as a structural component of shadow processes in the economy
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Date
2018
Authors
Berlach, Natalija
Kulyk, Oleksandr
Losych, Sergii
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The study of shadowing processes in the economy is an integral part of the methodological knowledge,
aimed at forming the security environment of the world community, its development on the way to overcoming
crisis situations in the economy, politics, and society. This being said, it is difficult to overestimate the role of the state
in determining appropriate approaches to assessing the results of such activities, justifying the selection of certain
current methods of influencing public relations in the economic field in order to ensure their functioning within the
legal framework. Drawing empirical conclusions and recommendations in this article are aimed at substantiating the
links between the result of economic activity and economic activity as such, which determines the characteristics
of welfare and well-being of a person, his/her enrichment. Thus, the formation of a cognitive social link between
human welfare, emotional factors, and the economic crisis situation in the state has a common denominator, which
makes it possible to assess the level of economic development of the country as a whole, to identify processes of
shadowing of the economy, provided that illegally-obtained income is determined in its structure. Coming up with
“regulatory filters” that allow synthesizing the object (illegally-obtained income), at which measures for detecting
and transforming it into the legal economic field are aimed, it is possible to achieve a real result in counteracting
the shadowing of national economies. Certain measures currently being taken at the level of national legal systems
in this area should be compatible with those adopted by the European Union and, at least, as stringent as other
measures applied at the international level. The specified determines the necessity to search for optimal ways of
defining the concept of illegally obtained income, its place and role as a structural component of shadow processes
in the economy. Methodology. The solution to the set goal is realized using the cognitive potential of the system of
philosophical, general scientific and special methods. Analysis and synthesis allowed identifying the signs of illegal
income, the shadowing of the economy, counteracting the shadow economy, and forming the last concept. Methods
of grammatical review and interpretation of legal norms contributed to identifying gaps and other shortcomings
of legislation on problems of ensuring counteraction to the legalization (laundering) of illegally-obtained income,
developing proposals for its improvement, in particular, regarding the specifics of defining the meaning of the
concept of “illegally obtained income” in domestic legal framework, the relationship of this concept with other
economic and legal concepts. The comparative legal method allowed determining the development directions for
domestic normative acts in order to bring them in line with the generally accepted European standards.
Description
Keywords
income, shadow economy, shadowing of economy, money laundering, legalization of income, economic crimes, unlawful enrichment, article
Citation
Berlach N. Illegally-obtained income as a structural component of shadow processes in the economy/ Berlach N., Kulyk O., Losych S. // Baltic Journal of Economic Studies. - 2018. - Vol. 4, No 5. - P. 26-30.