Isme: Black market is ‘killing’ small business

Rogue traders, cash only merchants, and racketeers are “killing” tax-compliant small businesses, according to Isme.

The group wants the Government to introduce tougher sanctions to tackle the black market which Isme claims will be worth €25bn this year.

Chief executive Mark Fielding said: “While it is difficult to put an actual figure on the costs of the black economy, previous international estimates (in better times) suggest that in Ireland it amounts to 14% of GDP.