Italy

Country profiles
Country profiles

Italy

  • Corporate Tax Haven Index ranking: 30
  • Financial Secrecy Index ranking: 41
  • Tax loss each year to tax havens: $12,384,868,729
  • Tax loss inflicted on other countries: $4,335,870,350

Country profile

Tax abuse losses

$12,384,868,729

lost in tax every year to global tax abuse

$8,804,628,006

lost to tax avoidance committed by multinational corporations

$3,580,240,723

lost to tax evasion committed by private individuals

  • Equivalent to 2.02% tax revenue (tax revenue in 2020 : $614,428,328,769 trillion)
  • Equivalent to loss of $205 per member of population (Population: 60,285,359.50)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 3.39%

Global Rankings

Corporate Tax Haven Index 2019
#30

Global Rank (First is Worst)

50.55/100

Haven Score (100 is Worst)

0.79%

Share of global tax havenry

Financial Secrecy Index 2020
#41

Global Rank (First is Worst)

50.38/100

Haven Score (100 is Worst)

0.85%

Share of global tax secrecy

Harm to other countries

$4,335,870,350

in tax lost by other countries

$30,752,186

by enabling corporate tax avoidance

$4,305,118,164

by enabling private tax evasion

Responsible for 1.01% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
343,738 nurses

Social impact of lost tax

Tax loss equivalent to 9.00% of health budget
Tax loss equivalent to 14.91% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
379,380 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 58.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Netherlands (19.5%)
United States (7.6%)
Germany (6.9%)

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