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OECD says Italy's tax burden 44.4% of GDP in 2012

1.4% rise from 2011 nearly triple OECD country average

17 December, 15:20
OECD says Italy's tax burden 44.4% of GDP in 2012 (ANSA) - Paris, December 17 - The tax burden in Italy rose 1.4% from 2011 to 2012 to 44.4% of the gross domestic product (GDP), the OECD revealed on Tuesday. The increase is nearly triple the 0.5% average increase for OECD member countries over the same period.

Hungary and Greece saw tax burden increase at a faster rate than Italy, however, at 1.8% and 1.6%, respectively.

Italy's tax burden was 40.6% of the GDP in 2005, down from 42% in 2000.

In 2011, the last year in which comparable data was available for all member countries, Italy's tax to GDP ratio was 43%, nearly 9% higher than the OECD average.

Italy's heavy tax burden ranked fifth after 47.7% in Denmark, 44.2% in Sweden, 44.1% in France, 44% in Belgium, and 43.7% in Finland.

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