Mercoledì, 17 Ottobre 2018
ROME

Italy has highest 'real' tax burden in world, say retailers

English
© ANSA

(ANSA) - Rome, July 19 - Italy has the highest 'real' tax
burden in the world, with 55% of every euro earned being taxed,
retail association Confcommercio said on Thursday.
Confcommercio's research department said in a report that
the real tax burden of 55% was much higher than the 45.2%
suggested by official figures.
"Not only is Italy in first place, it also also unlikely
that any one will overtake us in the near future," said Mariano
Bella of Confcommercio's research department.
The report said Denmark was in second place with a real
tax burden of 48.6%, followed by France, 48.2%, and Sweden, 48%.
Premier Mario Monti's emergency government of non-political
technocrats has raised taxes as part of its efforts to restore
health to the public finances and haul the country out of the
centre of the eurozone crisis.
But this has further raised an already high tax burden and
the Bank of Italy recently said this was unsustainable in the
long term.

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