Google’s Italian division is under investigation for tax practices once again. Italian police initiated a new investigation into the company, after a previous probe of 2002-2006 found that Google Italy still owed the government sales tax and had not declared … Continue reading
It was to be expected. The strange majority-minority committing themselves from time to approve the reduction of the parliamentarians salaries, have rejected in the Industry Committee of the Senate the amendment of the development decree aimed at reducing the “honorable” salaries … Continue reading
Italy is ready to contribute to international military operations even though it’s facing budget cuts, President Giorgio Napolitano’s office said.
Although structural reforms in Italy for a return to growth and budget reorganization” are well advanced”, the economic activity “should continue to contract in the short time” as a result of fiscal tightening, weakening of climate trust and credit crunch. … Continue reading
Public Health Service in Italy is provided by Regions (Lazio, Tuscany, Piedmont, Sicily etc..). In the last 10 years, from 2000 to 2010, the growth in public spending for Health services reached an incredible +64%.
People act in the world trying to live the better they can. Maybe they do not succeed in it, but this is certainly their goal. Each of us has a subjective concept of it, but the need of reaching it … Continue reading
Here you can read the ANSA’s summary about center-left primaries (PD party) of yesterday. They forget to say that about 20 hours after the end of the voting the official results are based on less than 50% of the votes, … Continue reading
There was a lot of talking about the “Redditest” (income test), the software launched by the Italian Revenue Service (Agenzia delle Entrate) to measure the “fiscal loyalty” of Italian taxpayers, which anticipates the “redditometro” (income meter), key tool of fiscal … Continue reading
Taxes in Italy? Oh my Gosh! PWC published a new report on taxation in 2013: italian total tax rate, you can check it at page 97, is an incredible 68.3%! The mean in European Union and EFTA (European Free Trade Association) … Continue reading
Professor Mario Monti has spoken: “The pedagogy is natural for a teacher, is the only weapon I have. And I have a greater obligation to explain than others. In this country the subjective reasons: no one chose me, but I have to tell the Italians that if I … Continue reading
The ancient Chinese philosopher Lao Tzu said, “The more artificial taboos and restrictions there are in the world, the more the people are impoverished. … The more that laws and regulations are given prominence, the more thieves and robbers there … Continue reading
[Note of Italian Allegro Editorial Staff: Yesterday we published a post about ReddiTest, a new software launched by the tax agency which measures Italian spending against reported income. Check it if you didn't yet.] There was no income tax at … Continue reading
History is full of examples of prosperous societies declining because of taxation. The ongoing Western world’s decline is one of these. Nothing new. Well, in Italy will soon be available for the Tax Agency an instrument, the “Redditometro”, which will … Continue reading
One of the serious problems of this unfortunate country is represented by the dominant presence of a Keynesian economic culture, by which is dogmatically believed that the only way to recovery growth and development comes from a continuous state intervention … Continue reading
Unfortunately, the estimate presented in the recent post according to which, from the last half of the decade up to 2012, the tax revenue has raised in Italy by 124 billion while nominal GDP increased by only 128 billion, so … Continue reading
It seems that the bilateral tax treaty between Italy and Switzerland is near to be signed. We don’t know the details but this should be the general structure:
Before reading this news you have to be informed about how government statistics operate in order to count the country overall tax burden. Well, they count the total tax revenue and this value is divided by the total GDP. Here … Continue reading
Vittorio Grilli can’t keep quite any longer: “There’s a 5.5billions net wealth increase flowing in the wallets of Italians, among lower deductions and decreasing tax rates”. The “Stability Law”, a law bill (although not entitled to full fledged bill status) … Continue reading
Politics is also creation of myths, and when there’s nothing to mythologize we try to instill some sense of sacredness. Therefore in Italy they have decided to teach the national anthem to all children. I’d like to explain few things … Continue reading
Whilst 100% of Italians thinks that at least 99% of Italians is getting worse from the stability law project, Minister of Economy Mr. Grilli stated last Tuesday during a parlamentary speech, as reported by Italian press agency ANSA: “99% of our tax … Continue reading