Audit court says tax burden 'barely tolerable' - update

(ANSA) - Rome, June 25 - Italy's audit court said Thursday that the high level of taxes in the country has created a pressure on citizens that is "barely tolerable". According to the court, the tax burden in 2014 was equal to 43.5% of GDP, 1.7 percentage points higher than the average for the entire eurozone. The court also said that a "very rigid" pension system and tight savings margins were cutting into workers' pay and spending, making it harder for the government's spending review plans.