The tax burden on the banking sector: some methodological issues and assessments

Giacomo Ricotti (), Vittorio Pinelli (), Giovanni Santini (), Laura Santuz (), Ernesto Zangari () and Stefania Zotteri ()
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Giacomo Ricotti: Banca d'Italia
Vittorio Pinelli: Banca d'Italia
Giovanni Santini: Banca d'Italia
Laura Santuz: Banca d'Italia
Stefania Zotteri: Banca d'Italia

No 80, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper considers several approaches to the measurement of firms� tax burden in order to identify significant indicators for the banking sector. It also analyses features of tax provisions which are peculiar to the Italian system. On these bases, it looks at measures affecting the tax burden on the Italian banking system over the period 2000-09. Inter alia, the analysis shows the role played by the rules for a firm�s tax base and for tax relief and considers the increasing importance of deferred tax assets. The comparison between the Italian banking sector and those of other countries, in relation to commercial banks, shows that over the period 1998-2008 all jurisdictions experienced a reduction in both effective and statutory tax rates. Even if the tax burden on Italian banks has seen one of the largest reductions, this tax indicator is still the highest among the countries considered.

Keywords: tax burden; banks (search for similar items in EconPapers)
JEL-codes: G21 H25 H87 K34 (search for similar items in EconPapers)
Date: 2010-12
New Economics Papers: this item is included in nep-acc and nep-ban
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Citations: View citations in EconPapers (1)

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