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The tax burden on the banking sector: some methodological issues and assessments

Author

Listed:
  • Giacomo Ricotti

    () (Banca d'Italia)

  • Vittorio Pinelli

    () (Banca d'Italia)

  • Giovanni Santini

    () (Banca d'Italia)

  • Laura Santuz

    () (Banca d'Italia)

  • Ernesto Zangari

    () (Banca d'Italia)

  • Stefania Zotteri

    () (Banca d'Italia)

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.

Suggested Citation

  • Giacomo Ricotti & Vittorio Pinelli & Giovanni Santini & Laura Santuz & Ernesto Zangari & Stefania Zotteri, 2010. "The tax burden on the banking sector: some methodological issues and assessments," Questioni di Economia e Finanza (Occasional Papers) 80, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_80_10
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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2010-0080/QEF_80.pdf
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    Cited by:

    1. Igor Kotlán & Zuzana Machová, 2012. "Vliv zdanění korporací na ekonomický růst: selhání daňové kvóty?
      [The Influence of Corporate Taxation on Economic Growth: The Failure of Tax Quota?]
      ," Politická ekonomie, University of Economics, Prague, vol. 2012(6), pages 743-763.

    More about this item

    Keywords

    tax burden; banks;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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