LABOUR COST: ITALIAN TAXES HIGHEST IN EU
Italy is the country with highest labour cost taxes in Europe. Referring to the tax wedge, worked out by the influence of fiscal revenue on labour cost and considering the average wage of a worker, Italy is in third place after France and Germany. The Confindustria Research Centre, in its macroeconomic forecasts, an Italian company spends 183 pct of its net revenue, compared to 175 pct by a Dutch company, 160 pct in Spain, 158 in Norway, 145 in the UK and 132 in Ireland. Research results also showed that the Italian tax wedge is made up one third by taxation and over two thirds by social contributions. If contributions are 58 pct, 13 pct are owed by the worker and 45 pct by the employer.
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