Italy must cut tax evasion with more data and controls -EC

(ANSA) - ROME, JUN 19 - The European Commission said in its 2024 report on the Italian economy Wednesday that Rome must reduce tax evasion by collecting more data and implementing more controls.
    Among the key findings of the European Commission's 2024 report for Italy is that the country can "improve tax compliance by increasing the sources of data available for audits and controls, encouraging the use of electronic payments and reducing compliance costs for taxpayers".
    The EC also said that Rome must face up to its demographic challenge and also reduce the labour tax wedge.
    Italy, the report said, must "address demographic challenges to mitigate the effects on long-term growth and achieve sustainable public finances; and increase competition and improve regulation in some growth-enhancing sectors.
    "Italy will also have to reform the tax system to provide greater incentives for growth, with a focus on reducing the tax wedge on labour". (ANSA).