CashNews.co Italy’s “regressive” tax system, made up of starkly inconsistent tax rates, has exacerbated inequalities between the country’s richest and poorest. The European country has made few changes to its taxation policy over the years. That’s meant a lower return on investment for lower- to middle-income Italians than their high-income counterparts, a new study published […]
CashNews.co Italy’s deputy prime minister has hit out at Vauxhall parent Stellantis, saying its problems are as much the fault of billionaire investors the Agnelli family as its ousted boss Carlos Tavares. Matteo Salvini, who also serves as transport minister in Italy’s coalition government, said the issues at Stellantis are “more about its ownership” than […]
CashNews.co Breadcrumb Trail Links PMN Business As the fastest-warming continent, Europe’s climate losses have increased by 2.9% a year from 2009 to 2023. Author of the article: Bloomberg News Gautam Naik Published Dec 03, 2024 • 4 minute read You can save this article by registering for free here. Or sign-in if you have an account. […]
CashNews.co ROME — Italy’s small, family-owned defense companies are more profitable and are growing faster than the country’s massive state-run firms or the foreign players in the Italian market, a new report has revealed. Family-run firms have long been the backbone of Italian capitalism, pushing the country to become the eighth biggest manufacturing power in […]
CashNews.co Country Standard VAT Rates Reduced VAT Rates VAT rate in Austria The standard VAT rate is 20% Austria applies a 13% intermediate VAT rate to certain supplies, including domestic air travel, while a reduced VAT rate of 10% is applied to supplies such as rental of real estate. VAT rates in Albania The standard […]
CashNews.co Published : 11 hours agoon 02/12/2024 ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said on Monday, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s […]
CashNews.co ROME (Reuters) – The Italian government is ready to use its special vetting powers if UniCredit’s takeover bid for smaller rival Banco BPM goes against the national interest, the prime minister said on Monday. “This is a market operation … the government has instruments to intervene should it find that the deal, let’s say, […]
CashNews.co ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said on Monday, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s flash estimate on Oct. 30. The […]
CashNews.co By Giuseppe Fonte, Gavin Jones and Alvise Armellini ROME (Reuters) -Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe’s most indebted nations. In advanced countries, the rich, […]
CashNews.co (Bloomberg) — It’s olive season in the hills around Rome, where a century-old family business upgrading its machinery showcases both the fruits and shortcomings of Italy’s efforts to spend European Union cash. Most Read from Bloomberg Pierluigi Ceccarelli plans to use his slice of €100 million ($106 million) in EU funds set aside for […]