Rome

Business lobby says taxes have hit 'intolerable' level

Confindustria warns current 53% rate to increase further

Business lobby says taxes have hit 'intolerable' level

Rome, April 23 - Italian taxes have reached "intolerable" levels, according to business lobby Confindustria. In a hearing before Italy's senate, Fabio Minoli, the head of communications for the business lobby, said that the "effective fiscal pressure in Italy has reached 53% and will rise by another point of GDP in 2013". "These are intolerable levels. New taxes cannot be considered," Minoli said.

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