The findings suggest that Italy's tax system is more regressive than previously estimated, disproportionately benefiting the top 7% while exacerbating inequalities between the richest and poorest.
Despite Italy having a high-tax regime, with a tax-to-GDP ratio of nearly 43%, the regressive nature of the tax system distorts income distribution, favoring the wealthy.
Italy's inheritance tax is particularly low, allowing the wealthiest to transfer wealth across generations with minimal tax implications, further aggravating the wealth gap.
The study indicates that the richest 10% enjoy returns on wealth calculated at double that of the bottom 90%, indicating a severe income concentration at the top.
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