Rome

Italian tax revenues steady despite recession

Taxman rakes in 149.1 billion euros in first 5 months

Italian tax revenues steady despite recession

Rome, July 5 - Italian tax revenues remained steady in the first five months of 2013 even though the country is still grapping with its longest recession since World War II. The economy ministry said Friday that tax revenues for the January-May period amounted to 149.1 billion euros, only slightly lower, 373 million euros, or 0.2%, on the same period in 2012. "Even though the economic climate is negative, the revenues remained stable," the Treasury said in a statement. It added that 2.826 billion euros of that revenue derived from checks by the authorities fighting tax evasion.

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