Italy’s association of small businesses, has said “because of a record 44% percent tax burden, Italian taxpayers have to work until June 11th to pay their taxes and in 2014, families in Italy pay an average tax bill of 15,330 Euro”.
Italian families pay about 1,250 Euro EACH MONTH in a variety of taxes including; federal and local individual income tax, withholding tax, excise duties, vehicle tax, television license, waste disposal tax and social security contributons.
In 2013, thanks to the abolition of the unified property tax on first residences, the average annual tax payment fell, however 2014, payments will rise again.
Giuseppe Bortolussi, boss of Italy’s association of small businesses said; “it will be difficult, with a tax burden of that magnitude, to boost family consumer demand, notwithstanding the EUR80 monthly tax deduction given recently to those on lower incomes.”
“The level of anger that has been reached against such high taxation has caused a fall in Italian consumer confidence to historically low levels,” he added. “Given the effects of the economic crisis, in which there cannot be foreseen any indication of significant tax cuts in the near term, family budgets risk to remain in the red, also penalizing further the earnings of those artisans and small traders who depend, almost exclusively, on consumer demand within the territory in which they operate.”