IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-1-137-50762-4_9.html
   My bibliography  Save this book chapter

Tax Regulation on the Banking System

In: Italian Banking and Financial Law

Author

Listed:
  • Massimiliano Lorenzetti

Abstract

The Italian banking system is strictly integrated with the tax regulation. Banks have different roles, all of which are governed by specific laws, administrative rules and accounting standards: 1) Banks are tax payers since they are liable for payment of direct and indirect taxes; 2) Banks act as withholding agents since they collect taxes on behalf of the government; 3) Banks intervene as supporters in fiscal investigations. Italian tax regulation on banks shows some peculiarities that are able to cause competitive disadvantages compared to the regulation in other countries.1 According to the Italian Banking Association, the tax burden on Italian banks and on foreign banks in Italy is far higher (around 15 per cent more) than the average one in other European markets.2 The high level of taxation has detrimental impacts on the real economy and consequences for jobs.3

Suggested Citation

  • Massimiliano Lorenzetti, 2015. "Tax Regulation on the Banking System," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Domenico Siclari (ed.), Italian Banking and Financial Law, chapter 9, pages 195-225, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-50762-4_9
    DOI: 10.1057/9781137507624_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-1-137-50762-4_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.