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Confindustria cuts growth estimates. Evasion at 122 billion

The Confindustria Study Center has updated its estimates on growth - AND tax evasion: "It blocks economic and civil development"

Confindustria cuts growth estimates. Evasion at 122 billion

Tax and social security evasion in Italy tax and social security evasion would amount to 122,2 billion euros in 2015, equal to 7,5% of GDP. Almost 40 billion of VAT, 23,4 of Irpef, 5,2 of Ires, 3 of Irap, 16,3 of other indirect taxes and 34,4 of social security contributions are subtracted from the tax authorities. The estimates are from the Confindustria Study Center which has updated, revising them downwards, the growth estimates for 2015-16-17.Tax evasion "blocks economic and civil development", observes the CSC.

When the year is practically over, even Confindustria has revised the estimates on the Italian GDP, which in 2015 should mark a +0,8% (from the +1,0% estimated in September) and a +1,4% in 2016 (from +1,5%) and +1,3% in 2017. The unemployment rate instead improved to 12% in 2015 (from 12,2% estimated in September), to 11,6% in 2016 (from 11,8%) and 11,1% in 2017. In the three-year period, estimates the CSC, "650 jobs will be created, which brings the total to 815 since they started to increase again", from 2014.   

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