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Austerity in Italy: Terrorising the taxman
Keywords:
Tags: Italy,
Italy and a new wealth tax
11/14/2011
Grouped Articles
Tax Cheats Become Italyâs Public Enemy
New York Times 03/09/2012
Taxes From the Wealthy Won't Solve All Italy's Problems
Wall Street Journal 11/14/2011
BusinessWeek 12/08/2011
Italy Tries to Raise the Social Stigma on Tax Evasion
New York Times 12/24/2011
Italy’s uphill financial fight - The Washington Post
Washington Post 12/27/2011
Austerity in Italy: Terrorising the taxman
Economist 01/07/2012
Italy's culture of tax evasion and the cost to the economy
11/25/2011
One estimate of the loss to the Italian Treasury from tax evasion- through underreporting of income from plumbers to real estate agents and large property owners and other forms of tax evasion- is $340 billion. With the deepening economic crisis the sense of what this is costing the country is beginning to sink in. About 73% of Italians now support the fight against tax evasion being led by the new government of Mario Monti, the former European commissioner. The loss is not only to the Treasury and ability to balance the budget without deficits, this also burdens companies and reduces capital needed for investments in plant, new equipment, and R&D, which create jobs.
Grouped Articles
Amid crisis, Italy confronts a culture of tax evasion - The Washington Post
Washington Post 11/25/2011
Italy Plan Opens Pivotal Week for Euro
Wall Street Journal 12/05/2011
BusinessWeek 12/08/2011
Italy Tries to Raise the Social Stigma on Tax Evasion
New York Times 12/24/2011
Italy’s uphill financial fight - The Washington Post
Washington Post 12/27/2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12/30/2011
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