EGEGazette
Live
Zelensky says US has ability to respond strongly after Russian ballistic missile strikes on KyivGlobal Bond Yields Hit Multi-Decade Highs as Treasury, Japanese Debt Sell OffHurricane Polo Threatens Landslides in Mexico as Storm Nolo Approaches HawaiiIranian President Presents Evidence of US Strikes on Civilians at UN AssemblyHarvey Weinstein Sentenced to 15 Years in Prison for 2006 Sexual AssaultHacking Group ShinyHunters Claims Major Breach Targeting FBI DataIran Won't Resume US Talks or Reopen Hormuz Until Washington Meets Its Terms, Official SaysIran Sets Conditions for United States on Possible Strait of Hormuz ReopeningTrump Warns Tehran at UN but Says Talks With Iran Are OngoingTrump Threatens to 'Annihilate' Iran's Government in UN Address as US-Iran Talks Continue on SidelinesChina's Xi Jinping Travels to US for State Visit, Summit With TrumpZelensky to Address UN General Assembly as Kyiv Reports Deadly Russian Strikes
economyOfficialReported

Report: Around Eight Million Italian Taxpayers Pay 65% of Total Income Tax

A new report finds that a small share of Italy's taxpayers account for the majority of income tax revenue, while lower earners contribute a small fraction.

· 1 min read · language: en

A new report has found that around eight million Italian taxpayers are responsible for 65% of the country's total income tax revenue, highlighting the concentration of tax contributions among higher earners.

According to the report, 47% of taxpayers who fall into the lowest income tax bands contribute only 5% of the total IRPEF (personal income tax) revenue collected.

The figures illustrate the progressive structure of Italy's income tax system, in which a relatively small share of taxpayers accounts for the majority of revenue while a much larger group contributes comparatively little.

The report did not specify further breakdowns of income levels associated with each band, according to the summary available.

EconomyIncome TaxIrpefItalyTaxation

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

Related articles

Comments

Sign in to join the conversation.

Forgot password?

No account?

Loading comments…