Tool to bust tax evasion to be used in 'extreme cases'
Head of revenue service says EU task force needed
22 April, 13:34
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(ANSA) - Rome, April 22 - A new system to find tax dodgers in Italy by cross-checking incomes and spending known as the 'redditometro' will be applied to the most "shameless" fiscal evaders, the head of the Italian tax agency Agenzia delle Entrate, Attilio Befera, said on Monday.
Speaking at a national forum against tax evasion in Naples Befera said that the tool will be aimed at people who "spend outside of their earning bracket," but will be used in "the most egregious cases".
Tax evasion "skews the redistribution of resources", for government services to citizens and hinders "healthy business growth." Befera said. "A European Task Force is needed to identify and recover (Italian) capital taken abroad," the president of the Association of Chartered Accountants and Accounting Experts (ODCEC), Vincenzo Moretta, said.
"The return of these funds could help lower the tax burden," Moretta said. Befera told the conference that the revenue service was working to simplify income tax returns "that should be ready in May".
Italy has upped its fight against rampant tax evasion to recover billion euros' worth of revenues unclaimed yearly, Befera said.
Speaking at a national forum against tax evasion in Naples Befera said that the tool will be aimed at people who "spend outside of their earning bracket," but will be used in "the most egregious cases".
Tax evasion "skews the redistribution of resources", for government services to citizens and hinders "healthy business growth." Befera said. "A European Task Force is needed to identify and recover (Italian) capital taken abroad," the president of the Association of Chartered Accountants and Accounting Experts (ODCEC), Vincenzo Moretta, said.
"The return of these funds could help lower the tax burden," Moretta said. Befera told the conference that the revenue service was working to simplify income tax returns "that should be ready in May".
Italy has upped its fight against rampant tax evasion to recover billion euros' worth of revenues unclaimed yearly, Befera said.
3% target not only factor in EU excessive-deficit decision
Efforts to restore financial health more important, says EC
22 April, 13:18
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(ANSA) - Rome, April 22 - The European Commission said Monday that it will not only look at whether Italy has brought its deficit under the permitted threshold of below 3% of gross domestic product (GDP) when deciding whether to lift the excessive deficit procedure against the country. The EC is set to decide on May 29 whether to close the procedure.
The government has forecast that recession-hit Italy's deficit will be 2.9% of GDP this year, following tax hikes and spending cuts adopted by outgoing Premier Mario Monti's emergency technocrat administration.
Italy had a deficit-GDP ratio of 3% in 2012, Eurostat said on Monday.
"We don't look only at the 3% target," said an EC spokesperson when asked about the procedure against Italy and several other European Union member states.
"It's a nominal target. The efforts the countries are making to restore health (to their public finances) are more important than the nominal value".
The government has forecast that recession-hit Italy's deficit will be 2.9% of GDP this year, following tax hikes and spending cuts adopted by outgoing Premier Mario Monti's emergency technocrat administration.
Italy had a deficit-GDP ratio of 3% in 2012, Eurostat said on Monday.
"We don't look only at the 3% target," said an EC spokesperson when asked about the procedure against Italy and several other European Union member states.
"It's a nominal target. The efforts the countries are making to restore health (to their public finances) are more important than the nominal value".
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