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October 28, 2020
BUSINESS

Romania, 2nd in EU in tax evasion, Italian poll reads

Italy is first in tax evasion in the European Union, followed by Romania and Bulgaria, according to information from the Association of Italian Taxpayers, quoted by Novinite.com. In Italy, over 51 pc of the taxable amounts remain undeclared which ranks the country 1st in the EU in tax evasion. Romania is second with 42 pc while Bulgaria is third with 38 pc.

Estonia and Slovakia are also in the first five with 37 pc and 32 pc respectively. In comparison, in Sweden, which is first in declared taxes, only 8 pc of the taxable amounts are undeclared. Belgium is second with 10 pc of undeclared income and profits, while the UK is third with 12 pc. The study is based on data from the white collar crime police in the EU Member States. The record holders in tax evasion in Italy are companies for the design and maintenance of internet sites selling goods and services online. 2 225 million such sites are registered there, but only 800 000 are legally invoiced, meaning 2 out of 3 sites have no owners and simply appeared out of nowhere. Since each of these sites needs maintenance and updates, the damages inflicted to the budget amount to about EUR 3 bln a year.

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