Many people employed in Swiss homes are undeclared. According to one estimate the amount of unpaid social security taxes on the total paid to these people could be as high as CHF 320 million a year.
Quitt.ch, a company that helps people with the administration around employing home help, reckons between 200,000 and 250,000 of the 400,000 people employed in homes in Switzerland are unregistered, a figure supported by a number of other studies.
According to quitt.ch, this would equate to between CHF 170 million and CHF 320 million in lost receipts.
The economist Friedrich Schneider, told blick.ch that in 2015 a sum of around CHF 43 billion, went undeclared. This is around 6.5% of Swiss GDP.
This sum, if collected, would certainly help to plug the social security funding gap Switzerland is experiencing as its population ages.
Disclosure: quitt.ch advertises on Le News.