It still remains uncertain as to how Italy's additional 2017 fiscal adjustment required by the European Commission will be funded, but a major part could involve cuts to individual income tax deductions.Read Full Story
Ex-premier Matteo Renzi's Democratic Party has refused to support hikes to excise taxes that are being proposed as a major element in Italy's additional 2017 fiscal adjustment, required by the European Commission. Read Full Story
The OECD has said Italy should limit its fiscal plans to those measures that would not inhibit improved economic growth. Read Full Story
The Italian Government's measures against tax evasion yielded additional tax revenue of around EUR19bn in 2016, 28 percent more than in 2015.Read Full Story
The Italian Minister of the Economy and Finance, Pier Carlo Padoan, sent a letter to the European Commission on February 1, confirming that Italy will introduce additional budgetary measures to reduce its forecasted fiscal deficit for this year.Read Full Story
The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the second batch of countries that will now be peer reviewed under Action 14 of the OECD's base erosion and profit shifting Action Plan.Read Full Story
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