Italy remains the European black jersey in terms of tax burden, according to the numbers published in the "Paying Taxes 2014" report compiled by the World Bank, IFC and PwC. The time dedicated to taxation in our country is on average 269 hours a year per company, exactly as in 2012. The average of European companies for tax compliance is 179 hours a year, while the world average is 269 hours.
As regards the total tax burden, however, the Italian one is confirmed as the highest in Europe, at 65,8% of commercial profits, an improvement compared to 2012 (68,3%). Behind Italy is France with a Total Tax rate index of 64,7%, followed by Spain (58,6%). The EU&EFTA average decreased from 42,6% to 41,1% from 42,6% and the world average decreased from 44,7% to 43,1%.
Out of 189 economies considered worldwide, according to the "Paying Taxes 2014" report, Italy ranks 138th in the general ranking drawn up on a global basis by examining 189 economies, and loses some positions compared to 131st place last year. In Italy, businesses make 15 payments against the 13,1 in Europe and the 26,7 requested on average globally.
