Italy's experience in formalization of informal economy
Non-observed economy is a problem common to all countries of the world, including developed ones. Italy is one of the most interesting cases for considering ways to counteract informal economic activity, especially given its positive dynamics on this issue. In this article, the author explores the scale and forms of manifestation of the non-observed economy, compares the regions of Italy by the amount of debt owed by individuals and legal entities for taxes and fees. Special attention is paid to ways to combat tax evasion, the role of tax amnesties and tax audits, their effectiveness is analyzed. The author comes to the conclusion that it is extremely difficult to assess the scale of the non-observed Italian economy due to the difference in approaches to the issue, and although that complicates the implementation of effective public policy, the authorities of the Italian Republic have achieved significant results, skillfully applying the policy of «carrot and stick».