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).
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Compromises Looking Unlikely »
- Seychelles Focus »
- An Inharmonious Congress »
- Top Benefits of Doing Business in Iowa »
- Turks and Caicos Focus »
- Ireland Company Formation »
- Think the Boston Tea Party or Magna Carta »
- Start Your E-Commerce Business in Hong Kong - Basic Guide »
- The Best And Worst Places In The World To Do Business »
- Ten Simple Steps to Start a Business in Iowa »