The true costs of tax avoidance

Written by Alessandro Rossi on .

apertura tax

For as long as leaders from low-income countries are excluded from the solution, tax avoidance will inflict costly and sometimes life-threatening consequences on millions of individuals

According to The Hidden Wealth of Nations, a recent book by University of California, Berkeley economist Gabriel Zucman, the answer is that tax evasion costs governments approximately $200 billion per year.

The decalogue of italian excellence

Written by Noemi Boggero on .

Fotolia 42020047 S

Our productive model is among the most innovative and efficient in the environmental protection field, to the extent that it is the European leader in consumption efficiency and the reduction of climate changing emissions. At equivalent product levels, our companies use less energy and produce fewer emissions, in this way performing better than even a large manufacturing power line Germany

Italy is one of only five nations on earth that can vaunt a manufacturing trade surplus of more than 100 billion US dollars. The others are China, Germany, South Korea, and Japan.

This record demonstrates the competitiveness of Italian companies in a wide range of sectors.

This is the Italy that was depicted by the Symbola Foundation, Unioncamere (the Italian Union of Chambers of Commerce), and the Edison Foundation that demonstrates, figures in hand, that Italy is a protagonist in that change towards a more sustainable society and economy built on a human scale envisioned at the COP 21 Paris Climate Agreement with which the world committed itself to creating a new economy capable of decelerating climate change.

Italy can become a well-rounded starring player, because as affirmed by Symbola Foundation President Ermete Realacci, «it has the principles of efficiency and the circular economy in its blood, and is amply capable of combining ancient skills with innovation, knowledge with quality, and beauty with the green economy».

Our strengths

Green Economy - There are 372.000 Italian companies (24.5% of non-agricultural entrepreneurship, even 32% in manufactory) that ventured on the green economy during the crisis, which is worth 102,497 million euro of added value, 10.3% of the national economy. This implied competitive advantages in terms of exports (43.4% of manufacturing companies that invested in the green economy is exporting constantly, compared to 25.5% of the other companies) and innovation (30.7% companies developed new products or services, compared to 16.7%). The green economy is also good for employment. In 2015, including green jobs and other jobs.

Manifacturing trade surplus - Italy is one of the five countries in the world to have a manufacturing trade surplus exceeding 100 billion dollars. In 2014, with a manufacturing trade surplus with foreign countries amounting to 134 billion dollars (113 in 2012), the leading role of our country in the global industry is reconfirmed. You cannot say the same for countries like france (-35 billion), the uk (-129 billion), the usa (-589 billion).

Competitiveness - Italian companies are among the most competitive companies in the world. On a total of 5.117 products - the highest level of statistical breakdown of world trade – in 2013, Italy was placed first second or third in the world for trade assets with foreign countries in 928: about one in five.

Renewable energy - our country is in the forefront for renewable energy sources in the world. Italy is the first country in the world for the contribution of photovoltaics in the national electricity mix (7.9%, figures for 2013), better than Greece (7.6%) and Germany (7%), but also better than Japan (under 3%), US and China (less than 1%). In 2012, Italy was the first (with 39%) among the big EU countries, coming joint with Spain and ahead of Germany (24%), France (17%), Britain (15%), also for the share of renewable energy in electricity production. In 2014, the share of renewables exceeded 43%.

Emissions reduction - The Italian production model is among the most innovative and efficient systems in the environmental field. Starting from energy consumption and polluting emissions: with 15 tons of oil equivalent per million euro produced, among the big European players, only the United Kingdom (12 t) - where finance and services, however, play a very important role - does better than Italy, which is instead a manufacturing country. It is placed ahead of France (16), Spain and Germany (18). And with 113 tons of CO2 per million euro, it is placed second behind France (91 t), doing better than the United Kingdom (135), Spain (138) and Germany (158).

Circular economy - Our country is the European champion for the reduction of waste in the production system, a leader in the recycling industry and standard-bearer of the circular economy. With 40.1 waste tons per million euro produced, Italy is far more efficient than the United Kingdom (49.8), Spain (50.1), Germany (63.7), France (83.5). In the face of a start in the industrial recovery of over 163 million tons of waste at the European level, Italy was able to recover 25 million, the highest absolute value among all countries in the world (23 in Germany). The saving for Italy is over 15 million tons equivalent of oil and about 55 million tons of CO2 emissions. We are second only to Germany in terms of percentage of recycling and recovery of packaging waste, doing better than Spain, France and the United Kingdom.

And if that were not enough…

The Italian industry of Wood Furniture is the second one in the international ranking for balance trade, preceded only by China (80 bn). It is also among the first in Europe, with € 56.4 million, in R&D investments, which increasingly nurture green innovation and efficiency in the use of materials and energy.

Over a fifth of the international demand for yachting products is absorbed by the Made in Italy. This result makes Italian sailing industry the first in the world for market shares, with its main competitors that follow it from a distance: the US with 14.5% of the market and Germany with 11.4%. An absolute leadership, also linked to environmental performance (such as fuel efficiency and emission reduction), which becomes even clearer in the production of boats and pleasure yachts.

Our country is the world leader in the agri-food industry for 89 products and boasts the most sustainable agriculture. Our country is the strongest country in the world for ‘distinguishing’ products: first in the food sector, with 278 among PDO, PGI and TSG products, and in the wine industry with 523 RDO, DOCG (controlled and guaranteed denomination of origin), RGI wines. Furthermore, Italy is first in Europe in the organic farming sector for number of companies and among the first countries in the world for farmland. With 814 tons per each million euro produced by the industry, Italian agriculture emits 35% greenhouse gases less than the EU average, and it does better than Spain (12% less), France (35%), Germany (39%) and the UK (58% less greenhouse gas).

Dulcis in fundo

Italy owes 84 billion euro, namely 5.8% of the produced wealth, to the culture sector - 443,000 companies, 7.3% of the national total amount, employing 5.9% of the total workforce in Italy amounting to 1.4 million people. This added value of 84 billion euro set in motion another 143 billion euro in the rest of the economy: 1.7 euro for each euro produced by culture. Thus, we reach 227 billion euro of added value made by the whole cultural sector, with tourism as the main beneficiary of this driving force. Companies that have invested in creativity are more innovative: 63.5% of companies have introduced product innovations compared to 22.2% of companies that have not invested. It is no coincidence that among the top companies, 48.1% are operating in international markets, compared to 21.6% of the other companies.


Italian Excellence (İtalyan Sondajı)

Tüm dünyada takdir görüyor. Bir çok konumda, kalite, teknik, verimlilik, sonuç ile eş anlamlı tutuluyor. İş odaklı. Genellikle güvenli. Kısacası, Made in Italy

Ingilizce ifade ile Made in Italy, İtalyan zanaatkar üretimin yeniden değerlendirilmesi ve İtalyan endüstriyel üretimini tanımlar (özellikle 1980’li yıllarda), bu süreç sıklıkla uluslararası rekabette İtalyan ürünlerin sivrilmesine neden olmuştur. Bu durum, hızlı bir şekilde tekrar “moda” olmaya başlamıştır. Aslında, biraz da mecburiyetten “moda” olmaktadır.

Birçok gösterge, AfidampFAB’ın verilerinden başlamak üzere, İtalyan endüstriyel ihracatının büyümesi konusunda yeni umutlar veriyor. Temizlik sektörü açısından da durum aynı. Yurtdışında, İtalyan ürünleri zamanla, ilginç pek çok ürün kategorisinde sağladığı ticari avantaj ile gerçekten de şöhret kazanmıştır, öyle ki, bu ürünler her ürün kategorisi içinde kendine has kategori oluşturmuştur. İlerleyen sayfalarda, tüm dünyada takdir gören sektörümüzdeki başlıca İtalyan üretim ve ürünleri takdim edeceğiz. Ve en önemlisi, bu ürünler halen tüm dünyada satılmaktadırlar.

Selling abroad: you can but with caution

Written by Diega Pastori on .

The importance of correct evaluation of pros and cons in order to follow your dream in another country

With the deep crisis that the economy is still facing, more and more companies seek to find new solutions to maintain sales at an acceptable level to cover fixed costs. Today, selling abroad does not only present an opportunity, but it also

The Birth of the Euro

Written by Diego Pastori on .


Understanding the situation in which the single currency has placed its member nations today requires a historical-political reconstruction with roots deep in the past

Especially during this period of economic crisis, many accuse the Euro of being one of the factors that hinders Europe’s development or at least compromises the recovery of a part of its former growth.

Selling abroad: opportunity or disadvantage?

Written by Diego Pastori on .

accelerate growth

The importance of correct evaluation of pros and cons in order to be a successful entrepreneur.

With the deep crisis that the economy is still facing, more and more companies

The spread and interest rates

Written by Diego Pastori on .

Widely mentioned, yet the spread is a conventional reference for forecasting that has often contradicted by facts.

Italy without a government is navigating through turbulent waters of financial markets without being exposed to major effects, unlike what the logic may suggest, with a “spread” of three hundred basis points (meaning 3%) and without affecting significantly interest rates when new issues are placed.

Eurozone crisis: We will survive?

Written by Redazione on .

Ecomic transactions highlight the broader strategy of buying time. But growth prospects remain grim.

Europe's single currency has emered its 10th anniversary year under increasing pressure from the markets and with its very survival in doubt.

Economic Upturn: What Are Waiting For?

Written by Diego Pastori on .

economic upturn
Will the world change, or will we?

We’ve now touched the bottom, even though no one dares say this to avoid looking a fool.

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