Running and Triathlon Coach

With the mindset of wellbeing, inside and outside. Health, nutrition and awareness are the pillars of this blog.

Sunday, December 11, 2011

Big Brother coming after every penny - California officials vow to crack down on underground economy

Employers who pay their workers cash under the table to avoid payroll taxes, workers' compensation insurance and other government mandates are costing California about $7 billion annually in lost tax revenue and undercutting companies that play by the rules, state officials say.


A burgeoning underground economy is costing California about $7 billion annually in lost tax revenue and undercutting companies that play by the rules.

That has state officials vowing to crack down on employers who pay their workers cash under the table to avoid payroll taxes, workers' compensation insurance and other government mandates.

http://www.latimes.com/business/la-fi-underground-economy-20111209,0,293419,print.story

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