Vive le black market! One in three French have undeclared income

When Katell, a French estate agent, had a false ceiling constructed in her house in the
Breton town of Quimper, she paid cash for the week’s work. And when Catherine, a
teacher, had to spend €400 on her La Rochelle apartment, she paid cash.
They were not alone. A potent combination of rising unemployment and VAT rates has
given a huge boost to France’s black economy. Continue reading…