Total tax burden: Italy comes first with 64%

Just as the government is trying to cut personal income tax (Irpef), there is a table that weighs like a boulder on Italy which the Conte government would do well to consult: the one on the overall tax burden (taxation of corporate profits, taxation of labour and other taxes) compiled by Ambrosetti. Italy tops the ranking across Europe (64.8%), closely followed by France (62.7%) and, from further behind, by Germany (48.8%) and Great Britain (32%). In short, compared with its main competitors on the markets, it starts a few yards behind.

Here is the full ranking:

1st) Italy 64.8%

2nd) France 62.7%

3rd) Belgium 58.4%

4th) Spain 50%

5th) Greece 49.6%

6th) Sweden 49.1%

7th) Germany 48.8%

8th) Portugal 41%

9th) Netherlands 41%

10th) Norway 39.5%

11th) Finland 37.9%

12th) Great Britain 32%

13th) Switzerland 28.8%

14th) Denmark 24.5%.

The European average is 40.6%.

Unfortunately there is little else to add, except that rankings like this demonstrate the excessive level of taxation to which all Italian businesses are subject. And they point to the path the executive must take as soon as possible: lower taxes on companies.

Source: https://www.milanofinanza.it/news/pressione-fiscale-totale-italia-prima-col-64-202002100927486946