Better tax rules would aid Italian growth: Draghi
Less tax for labour and firms would boost the potential growth rate of the economy, Mario Draghi, the governor of the Bank of Italy, told an audience in Rome.
Progress in curbing tax evasion and avoidance has led to a steady improvement in Italy's public finances since 2006. The ratio of taxes and social security contributions to GDP will be two percentage points higher in 2007 than in 2005 and predicted that it will remain stable in 2008 at a relatively high level by international standards.
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