The tax burden rises further Companies, never so bad since ’95 – BBC

ISTAT REPORT

Milan , April 2, 2015 – 10:35

     
     
 

The 2014 confirms the annus horribilis of businesses, at least those that do not play financial activity. Tell Istat that the “share of profits”, an indicator used by Eurostat which measures a relationship similar to the operating margin was equal to 0.46% in 2014, to its lowest since 1995, the ‘year of commencement series. The reduction on 2013 is 0.8 percentage points. For the first time since 2007, that is the beginning of the long crisis, has stopped instead of down the purchasing power of the Italians. Taking into account inflation, the spending power of households fell by 0.5% in the fourth quarter of 2014 compared to the previous quarter but increased by 0.8% compared to the fourth quarter of 2013. The year last, the disposable income of households increased by 0.2%.

Taxes and rates

Salt then the pressure of tax records in Italy. In the fourth quarter of last year amounted to 50.3%, up 0.1 percentage points on the latter part of 2013 (50.2%). Throughout 2014 was equal to 43.5%, up again by 0.1 percentage points over the previous year (when he stood at 43.4%). The good news is the least expensive of the state for the interest expenses that thanks to falling interest rates and the was down 4.6% from approximately 20.7 billion euro to approximately 19.7 billion euro, always in the fourth quarter of 2014.

Deficit GDP

Throughout 2014 the ratio of deficit to GDP was 3.0%, up by 0.1 percentage points compared to that of 2013, when the parameter on the government deficit closely monitored by the EU amounted to 2.9%. As for income and expenses in the fourth quarter of last year increased both. Total expenditure rose by 2.6%; their proportion to GDP was 57.6% (56.1% in the corresponding quarter of the previous year). Current expenditure increased by 2.3% and capital expenditure by 6.6%. Total revenues in the fourth quarter, increased, in terms of trend, with an incidence of 0.8% of GDP of 55.3%, up 0.5 percentage points compared to the same quarter of 2013.

April 2, 2015 | 10:35

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