Abstract

http://ssrn.com/abstract=1825960
 


 



The Tax Burden on the Banking Sector: Some Methodological Issues and Assessments


Vittorio Pinelli


Bank of Italy

Giacomo Ricotti


Bank of Italy

Giovanni Santini


Bank of Italy

Laura Santuz


Bank of Italy

Ernesto Zangari


Bank of Italy

Stefania Zotteri


Bank of Italy

December 10, 2010

Bank of Italy Occasional Paper No. 80

Abstract:     
The paper considers several approaches to the measurement of firms’ tax burden in order to identify significant indicators for the banking sector. It also analyses features of tax provisions which are peculiar to the Italian system. On these bases, it looks at measures affecting the tax burden on the Italian banking system over the period 2000-09. Inter alia, the analysis shows the role played by the rules for a firm’s tax base and for tax relief and considers the increasing importance of deferred tax assets. The comparison between the Italian banking sector and those of other countries, in relation to commercial banks, shows that over the period 1998-2008 all jurisdictions experienced a reduction in both effective and statutory tax rates. Even if the tax burden on Italian banks has seen one of the largest reductions, this tax indicator is still the highest among the countries considered.

Number of Pages in PDF File: 77

Keywords: tax burden, banks

JEL Classification: G21, H25, H87, K34

working papers series


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Date posted: May 4, 2011  

Suggested Citation

Pinelli, Vittorio and Ricotti, Giacomo and Santini, Giovanni and Santuz, Laura and Zangari, Ernesto and Zotteri, Stefania, The Tax Burden on the Banking Sector: Some Methodological Issues and Assessments (December 10, 2010). Bank of Italy Occasional Paper No. 80. Available at SSRN: http://ssrn.com/abstract=1825960 or http://dx.doi.org/10.2139/ssrn.1825960

Contact Information

Vittorio Pinelli
Bank of Italy ( email )
Via Nazionale 91
Rome, 00184
Italy
Giacomo Ricotti
Bank of Italy ( email )
Via Nazionale 91
VIa Pastrengo 14
Rome, 00184
Italy
Giovanni Santini
Bank of Italy ( email )
Via Piacenza, 6
00184 Rome, I - 00184
Italy
+39-06-4792-5783 (Phone)
Laura Santuz
Bank of Italy ( email )
Via Nazionale 91
Rome, 00184
Italy
Ernesto Zangari
Bank of Italy ( email )
Via Nazionale 91
Rome, 00184
Italy
Stefania Zotteri (Contact Author)
Bank of Italy ( email )
Via Nazionale 91
Rome, 00184
Italy
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