Lunedì, 22 Ottobre 2018
ROME

Italian Audit Court says country tops list for tax evasion

English
© ANSA

(ANSA) - Rome, October 3 - Italy beats out other countries
on the Organization for Economic Co-operation and Development's
(OECD) top-10 list for tax evasion, second only to Turkey and
Mexico, head of the Audit Court Luigi Giampaolino told the
Senate Finance Committee on Wednesday.
A new "social pact" is needed to defeat the phenomenon that
not only endangers public finances, but also "diverts potential
resources for growth", Giampaolino said.
The Audit Court chief noted that if Italian tax evasion had
been at US levels since 1970 (less than 3%) public debt would be
much lower, 76% instead of 108% of GDP, and the changes
necessary to adjust the public finances "much less demanding".
The time has come "for the rebalancing of public finances
and the start of the economic recovery," Giampaolino said.
Stamping out tax evasion would also contain runaway
inequality in wealth distribution, Giampaolini added.

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