Italy: Background Economic Developments and Issues - Supplementary Information Appendices

International Monetary Fund

No 1995/037, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews the flaws of the Italian tax system during the 1990s and the rationale for reform. The paper highlights that a fundamental reform of the tax system took place in 1971–73, and introduced three main innovations: the concentration of tax authority almost exclusively at the level of the central government; a value-added tax, in line with the rest of the European Union; and the extension of the base of the personal income tax to additional income categories. This paper also reviews the management of public spending in Italy.

Keywords: ISCR; CR; pension system; budget; expenditure; government; annual budget; tax authority; personal income; privatization program; IVS pension; telecommunications company STET; tax revenue; pension spending; Pension spending; Pensions; Stock markets; Budget planning and preparation; Retirement; Europe; Global; Australia and New Zealand (search for similar items in EconPapers)
Pages: 117
Date: 1995-05-10
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