Real tax burden in Italy 53.2%, retailers say

'Record' figure excludes underground economy

(ANSA) - Rome, July 29 - Italy had the highest rate of taxation among the world's advanced economies in 2013, retailers association Confcommercio said on Tuesday.
    The real tax burden - calculated net of Italy's sizeable underground economy - was 53.2%, Confcommercio said. Including the black market in calculations resulted in a tax burden of 44.1% last year, it added. Last year the non-tax paying economy in Italy was 17.3% of gross domestic product (GDP), according to the group.
   

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