Wed, 13 Jun 2012 08:56:40 GMT
Italy tax receipts fade on slowing economy
Italy start to face signals that tax increases might be too high, Alberto Alesina, Harvard University professor suggested on Wednesday. VAT tax revenue have dropped, government data showed on June 5. The amount gathered over 12 months is the lowest in 6 years. Former PM Berlusconi lifted VAT by 1% to 21% in September 2011. The fall in tax receipts