personal income tax | PRP Channel

Record fiscal pressure this year: 43,8% of GDP

Economics, ITALY

13 Nov

The tax burden in Italy, given by the ratio between tax revenues and GDP, has reached 43,8 percent (Economics and Finance Document 2022. Update Note. Revised and integrated version. Council of Ministers of 4 November 2022, page 13); a level never reached before. The CGIA Research Office reports that [...]

Now the lockdown must be applied to taxes: in 2020 stop IRPEF, IRES and IMU to SMEs. The relief would amount to 28,3 billion

Economics, EVIDENCE 2

09 May

According to the CGIA, the lockdown must now be applied to taxes. In particular, those paid by the self-employed and small and micro enterprises with a turnover of up to 1 million euro per year which, in the absence of a strong cut in fixed costs, risk closing permanently. The coordinator of the Paolo Zabeo Studies Office states: [...]

Deficit-GDP ratio for 2020, equal to 8 percent, 26 billion in taxes will be missing

Economics, EVIDENCE 4

22 Apr

The International Monetary Fund (IMF) last week estimated, due to Covid-19, a global contraction in GDP on average of about 9,7 percentage points, for Italy 9,1 percent. Yesterday the Parliamentary Budget Office, writes the Republic, began to leak the amount of revenue (tax revenue) that could be missing from the coffers of [...]

VAT numbers pay more income tax than employees and pensioners

Economics, EVIDENCE 2

25 January

To some it may seem strange, but those directly involved, i.e. VAT numbers, know it very well, because they experience the problem firsthand: the average IRPEF levy on self-employed workers is significantly higher than that for employees and pensioners . According to the data relating to the 2018 tax returns, in fact, [...]

Manovra, Bellanova: no new taxes for farmers with agricultural tax elimination

Economics

16 October

“Agriculture has returned to the economic agenda as a protagonist and has received the attention it deserves, even in a context of limited resources. We have kept our commitment not to raise taxes on farmers. This is why I am satisfied with the zeroing of personal income tax for those who live off agriculture, which means almost 200 million euros that we leave to businesses to invest. Not […]

Taxes: self-employed pay more for employees and retirees

Economics, Economy, PRP Channel

10 Mar

Irpef is the main tax paid by Italian taxpayers to the Italian state. Only natural persons (employees, retirees and self-employed workers) pay it and, as shown by the tax returns of 2016, these subjects give the tax authorities over 155 billion a year; the incidence of this revenue on total tax revenues is 33 [...]