Arab Today, arab today tax burden on italian labor highest in eurozone
Last Updated : GMT 16:54:26
Arab Today, arab today
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Tax burden on Italian labor highest in eurozone

Arab Today, arab today

Arab Today, arab today Tax burden on Italian labor highest in eurozone

Rome - ANSA

Italy has the highest tax burden on labor in all the eurozone, European Union statistics bureau Eurostat said Monday. In 2010 the burden on business personnel rose from 42.3% to 42.6% when labor taxes and social-security contributions are combined. The average among the 17 eurozone nations is 34%. Eurostat also said that the tax burden on the general public in Italy is expected to rise from 45.6% to 47.3% in 2012, following a series of tax hikes as part of a government austerity program approved in December.

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