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Tax burden in Italy continues to rise, say retailers

Level to remain above 44.2%, Confcommercio says

07 January, 13:47
Tax burden in Italy continues to rise, say retailers (ANSA) - Rome, January 7 - The tax burden in Italy rose to a record 44.3% in 2013, traders association Confcommercio said Tuesday.

The same source added that the combined burden of taxes and social security contributions would remain above 44.2% this year too, making the fall predicted by the government "illusory". Confcommercio called for "greater courage and incisiveness in cutting public spending and, in particular, supply-side tax policies starting from an incisive reduction of the tax burden on the factors of production, most of all employment". "This is the only way of relaunching the vital productive forces present in the country," it added.

In 2013 the combined burden of taxes and social security contributions rose by 1.6 billion euros over the previous year while nominal GDP fell by over 8.7 billion euros.

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