June 3 is “tax liberation day” | News

June 3 is “tax liberation day” | News
June 3 is “tax liberation day” | News

The CGIA warns that the so-called “tax liberation day” will begin on June 3

From:
Sardinia Live editorial team

There Cgia warn that the so-called “tax liberation day” starts on June 3rd the last weekend of the year in which Italians work for the tax authorities whose revenue for 2024 should be 909.7 billion euros, even if it is a purely symbolic goal .

But the tax burden continues to weigh on us, although this year the ‘pressure’ is set to fall by 0.4% compared to 2023. For 2024, 154 days of work were needed (Saturdays and Sundays included) to fulfill all tax payments.

Compared to 2023 , this year we will “free ourselves” from taxes one day early, even if there are two days according to the calendar, since 2024 is a leap year. If for those who pay taxes down to the last cent, “tax Freedom day” is a deadline ideally worth celebrating, for those who do not pay them or do so sporadically it is a day like any other. In this last case there are, for example, completely or partially irregular workers who, according to an Istat estimate referring to 2021, number at least 2.8 million. In absolute terms, the regions with the most are Lombardy (439,500 irregular units), Lazio (366,200) and Campania (308,200). If, however, we refer to the rate of irregularities, the regions of the South are those most affected by this plague. Calabria, for example, has a share of 19.6%, Campania 16.5, Sicily 16 and Puglia 14.4. The Italian average is 11.3%.

According to the Def, the tax burden in 2024 is 42.1% of GDP, down 0.4% compared to 2023. Net of social security contributions, if we analyze the 2021 revenue from the main taxes, the most “payers” are Lombardy (87.9 billion euros), Lazio (43.5), Emilia Romagna (34.2) and Veneto (33.8). Italy, with 42.5%, continues to have one of the highest levels of tax pressure in the EU. In 2023 only France, Belgium, Denmark and Austria recorded a higher tax burden than ours. If in Paris the tax burden was 45.8% of GDP, in Brussels it was 45.3%, in Copenhagen 44.5% and in Vienna 42.9%. Among the 27 EU members, Italy “placed” in 5th place. Germany, however, at 10/0 with 40.6% and Spain at 13/0 with 37.8%. The average for European countries was 40.3%; 2.2 points less than the Italian average.

 
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