ITALY GREY MARKET

Keith Nuthall
FISCAL concessions developed to encourage unregistered gray market Italian businesses declare themselves officially and start paying tax have been approved by the European Commission as fair way in which to boost the regularisation of the Italy's economy.

Rome has offered businesses in the country's underground economy a range of discounts in tax and social security to persuade them to establish themselves legitimately.

These range from exemptions from paying a worker's share of social security contributions to waiving tax debts ...


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