Tax Policies Of Italy

PSB6IDT6UDPIÃAPSÃ@8PIPHD8Ã8PPQ@S6UDPIÃ6I9Ã9@W@GPQH@IUÃ Ã 7D[ 3ROLF\ 5HIRUPV LQ ,WDO\ Ã 8@IUS@ÃAPSÃU6YÃQPGD8`Ã6I9Ã69HDIDTUS6UDPIÃ 2. 2.1 TAX REFORM IN ITALY Tax structure and trends 1. The fiscal adjustment needed to meet the Maastricht parameters in the 1990s was primarily achieved by revenue enhancement increases and simplification in interest payments on public debt rather than by cuts in public expenditures. This is reflected in the evaluate-to-GDP symmetrys. During the 1980s this impose ratio increased by 8.5 percentage points (from 30.4 to 38.9 per cent). The process continued in the 1990s until 1997 (the Maastricht year), when the tax-to-GDP ratio peaked at 44.2 per cent. afterward 1997, the materialise tax ratio started to fall, but since 1999 it has been reasonably stable, as stool be seen from Table 2.1. 2. Table 2.1 reveals that the role of income and profits taxes, mental security contributions and specific consumption taxes, m easured as a share of study taxes in ingrained tax revenues, entrap comed since 1990 while general consumption taxes (VAT) have remained stable. This decrease has been jump by an increase of property taxes and other taxes, in the archetypical place the introduction of the new regional tax, IRAP, in the 1997-98 tax reform.

After the recent reductions in the corpo respect tax rate from 36 per cent in 2002 to 34 per cent in 2003 and throw out to 33 per cent in 2004, the revenue from corporate income tax has started to decline. Table 2.1: Tax structure in Italy Revenue of major tax categories measured as a percentage of total tax revenue. 1990 36.5 26.3 10.0 32.9 6.3 23.6 0.3 2.3 28 .0 14.7 10.6 0.0 38.9 1995 35.3 26.0 8.7 31.! 5 6.6 20.7 0.3 5.6 27.3 13.8 11.1 0.0 41.2 1999 34 26.4 7.7 28.5 5.5 20.0 0.0 4.6 27.5 13.7 11.2 5.4 43.3 2000 33.2 25.7 7.5 28.5 5.4 19.8 0.0 4.3 28.4 15.8 10.0 5.6 43.2 2001 34.2 25.9 8.6 29.0 5.5 20.1 0.0 4.8 25.6 14.8 8.5 6.4 43.0 2002 32.5 25.5 7.6 29.4 5.6 20.4 0.0 5.1 26.9 15.0 9.0 5.8 42.5 2003 30.9 25.1 6.6 29.5 5.4 20.6 0.0 8.0 25.7 14.2 8.9...If you want to depart a near essay, order it on our website: OrderEssay.net

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