Foreigners Contribute EUR6.8bn In Italian Income Tax
by Ulrika Lomas, Tax-News.com, Brussels
14 August 2015
Research institute Fondazione Leone Moressa has calculated that non-native Italians paid individual income tax to the Italian Revenue Agency worth EUR6.8bn (USD7.5bn) in 2014.
Of the five million "new Italians," 3.5 million declared taxable income worth a total of EUR45.6bn last year. >The most tax was paid by those who have emigrated from Romania (EUR6.4bn), followed by those from Albania (EUR3.2bn), Switzerland (EUR2.8bn), and Morocco (EUR2.4bn).
Despite the continued recession in Italy, the taxable income declared by those born abroad increased by 1.8 percent in 2014. The greatest increase in income was declared by persons from China (+8 percent) and Moldova (+7.3 percent).
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