Italy has the least competitive tax
system in the OECD, according to a report released on Wednesday
by the Epicenter network of think-tanks.
Epicenter said that Italy "has a wealth tax, a financial
transaction tax, and an estate tax.
"Italy also has a high compliance burden associated with its
individual tax system," it added.
"It takes businesses an estimated 169 hours to comply with the
individual income tax.
"The Italian consumption tax system covers less than 40 percent
of final consumption, revealing both policy and enforcement
gaps".
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