Ylikorjataan

Ylikorjataan is a Finnish term that refers to the illegal practice of underselling or undervaluing goods, commonly observed within local and international markets. The term is rooted in the Finnish language, with "yli" meaning "over" and "korjataan" meaning "to repair," but in this context, it pertains to market manipulations involving intentional undervaluation.

This practice often occurs in industries such as retail, construction, and manufacturing, where companies may intentionally undervalue or underbid to secure contracts or market share. Such actions can distort fair competition, affect pricing standards, and lead to unfair advantages. Ylikorjataan can also involve the falsification of invoices or the misreporting of earnings to evade taxes or regulations.

Regulatory authorities and market watchdogs in Finland monitor such practices to promote transparency and fair competition. Legal repercussions for ylikorjataan can include fines, sanctions, and other penalties under Finnish law, particularly in cases related to tax evasion, fraud, or unfair trade practices.

Awareness campaigns and strict audit procedures aim to discourage ylikorjataan and uphold ethical standards within the Finnish market economy. The practice is viewed negatively due to its potential to undermine economic integrity and fair business practices. Efforts to prevent ylikorjataan emphasize the importance of transparency, accurate reporting, and adherence to legal standards within commercial transactions.