Why is there so much TAX EVAD in Italy?

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Starting Finance

Published on Jun 9, 2023
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To find out more about Societe Generale click here ⬇️ https://startingfinance.com/avvertenze... To find out more about the Societe Generale prize competition click here ⬇️ https://sgtradingmasters.traderlink.it/ Tax evasion in Italy is worth around 100 billion euros a year according to government estimates. However, according to other international analyses, which use different calculation methods, the figure would reach almost 200 billion a year. Tax returns in Italy are almost those of a poor country, they are not in line with the level of consumption recorded in the country. In fact, it is estimated that in reality around 28% of the taxes actually due are evaded. A number that has improved in recent years but is still very high. Italy is in fact the country with the highest tax evasion in Europe, both in absolute terms and as a percentage of GDP. But why do Italians evade so much? Over time, various answers have been given to this question, defined as quantitative, structural, legislative, administrative and behavioral theses. What is known for sure is that the problem began immediately after unification. In fact, since the very first years of Italy, taxes were raised a lot. At the same time, however, controls were very lacking and there were already frequent tax amnesties. The amnesties from unification to today will be over 80. On average, about 1 every 2 years. Such high tax evasion on the one hand causes problems for the public coffers and leads governments to raise taxes to cover the costs anyway. Therefore, in fact, unloading an even greater burden on those who pay them all. Above all, however, the problems of such high tax evasion emerge in crisis situations. When the government has to intervene, in addition to having fewer resources, it will have to use data that is largely distorted. Therefore, it will not be able to act effectively to support businesses and professionals in difficulty. INDEX: 00:00 Intro 00:40 The weight of tax evasion in Italy today 02:30 Comparison with other countries 04:50 Why Italians evade taxes 10:01 How Italy has become a country of tax evaders 16:33 The problems caused by tax evasion MAIN SOURCES: EUROSTAT ISTAT City University of London CPI Observatory Bank of Italy Author: Cosimo Volpe Text Revision: Valerio Ribeca Animations: Dario Bozzi Editing: Daniele Ponzi Coordination: Edoardo Scirè #StartingFinance #Finance #Economy Starting Finance Masterclasses: http://bit.ly/sfytmasterclass12021 Starting Finance T-shirts: http://bit.ly/shopSFyoutube STARTING FINANCE CHANNELS: Instagram: / startingfinance Facebook: / startingfinance TikTok: / startingfinance Linkedin: / starting-finance Telegram: https://t.me/StartingFinance Website: https://www.startingfinance.com/

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