Last year I posted the article "Christmas is cancelled" which was a stab at trying to explain the tax stranglehold for a self-employed person living and working in Italy.
I have just received notification that the tax has indeed been increased to squeeze even more:
2006
upto 26.000 = 23%
from 26.001 to 33.500 = 33%
from 33.501 to 100.000 = 39%
from 100.001 = 43%
2007
upto 15.000 = 23%
from 15.001 to 28.000 = 27%
from 28.00 to 55.000 = 38%
from 55.001 to 75.000 = 41%
from 75.001 = 43%
So I guess there will be more pressure on many people to work cash-in-hand.
