Italy favourable to new business but taxes high, says OECD

(AGI) Rome, Sept 9 - Italy has become a "rather favourable"environment for the creation of new businesses due to"improvements in recent years", said the Organisation forEconomic Cooperation and Development (OECD) in a reportdedicated to small and medium-sized Italian companies. However,there are still "significant regulatory barriers" to theexpansion of companies due to "a complex tax system thatimposes high costs not linked to the earnings of SMEs" and"weak" guarantees for the enforcement of contracts. . .

(AGI) Rome, Sept 9 - Italy has become a "rather favourable"environment for the creation of new businesses due to"improvements in recent years", said the Organisation forEconomic Cooperation and Development (OECD) in a reportdedicated to small and medium-sized Italian companies. However,there are still "significant regulatory barriers" to theexpansion of companies due to "a complex tax system thatimposes high costs not linked to the earnings of SMEs" and"weak" guarantees for the enforcement of contracts. . .