The tax burden in Italy ‘should be reduced’, the payment of taxes by taxpayers’ should be as simple as possible. ” And the VAT tax gap “is still very high, according to various estimates is around 30%.” This was stated by Economy Minister Pier Carlo Padoan commenting on the findings of two Italian tax administration reports commissioned by the Treasury in OECD and International Monetary Fund. Padoan The minister stressed that the conclusions of the two reports are very similar. And that, in addition to indicating the critical issues, reports also recognize the “positive results achieved by the government” on the path of a fee reduction, simplification and transparency.
Padoan “tax cut to support the recovery,”
Tax burden should be reduced, higher the tax gap on VAT The minister
It highlighted that one of the main critical elements of the Italian tax authorities is the high VAT evasion reaches 30%. Both international organizations have pointed the finger at this issue, pointing out that the loss of revenue is much higher than the EU average, calculated by the OECD to 15.2.
Beyond the ballot box, the IRS serves a structural revision
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IMF: alarming debts, urgent action Iva
“the accumulation of tax debts is alarming, structural problems need to be addressed urgently,” said Fund Monetary international in its report on the Italian tax system. As causes, the Fund identifies, in particular, “the faint of VAT returns system ‘(one year,” the event is unique in Europe and perhaps in the world, “rather than a month as in many developed countries), and the” duplication or splitting the audits and tax investigations “attributed to different subjects.”
OECD: high taxes in Italy but “compliance” low
“Italy is a country with high taxes but with a “compliance” low level, “says the OECD report on the Italian tax authorities submitted to the Treasury. Both the IMF and OECD have also recommended Italy to overcome the fragmentation of the tax administration. Fragmentation, have pointed out the two representatives of the two institutions, is “historical legacy”, but definitely necessary “to revive the dialogue between the Ministry and the agencies” and “restore the agencies ‘independence’. Also, avoid duplication, fostering coordination among the actors in the field and improve governance. Fragmentation also in the aspect of audit and investigative then reduces the effectiveness in debt collection.
“The tax burden in Italy should be reduced and the payment taxes by taxpayers should be as simple as possible “
Pier Carlo Padoan, Minister of Economy
from improve coordination between Italian agencies
no coincidence Padoan in his speech highlighted the need to improve coordination between the various actors involved in tax administration. “The Italian system has some peculiarities to those involved that is an asset and that people must specialize in order to achieve greater efficiency,” the minister explained. He added: “There’s a coordination problem to be improved”, stressing that the two reports, independent of each other, come to similar conclusions regarding improvements to the Italian system.
“Tax day,” Padoan “Tax Relief 10 billion”
Tax burden higher than the EU in Italy In
Governor considerations the Bank of Italy last May shows that the tax burden in our country remains higher by about 1.6 points compared to the average of the other euro area countries, despite the decline of a point recorded in the last three years. The differential considered as minor revenue effects of tax credits, otherwise it would be 2.4 percent.
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