Sabato, 22 Settembre 2018

Bank of Italy calls tax burden 'obstacle to growth'


Rome, April 23 - Italy's central bank on Tuesday
said Italy's tax code was hampering business.
In testimony before the Senate, Daniele Franco, head of the
Bank of Italy's economic research division, said that the
country's overall tax burden at 44% of GDP is "very high", both
historically and when compared to other countries.
The tax burden in Italy is some 3% higher than in other EU
countries, Franco said, "and the high level of tax evasion means
the burden on honest citizens is even heavier" and acts as an
"obstacle to growth".

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