Corporate Taxation and SMEs: The Italian Experience [E-Book]: The Italian Experience / Marco Manzo
Manzo, Marco.
Paris : OECD Publishing, 2011
46 p. ; 21 x 29.7cm.
englisch
10.1787/5kg3h0th7t7c-en
OECD Taxation Working Papers ; 6
Taxation
Italy
Full Text
This paper focuses on the tax impediments faced by small and medium-sized enterprises in Italy. The fact that small businesses are characterized by financing constraints and have less access to bank loans is often emphasized as an argument in favour of a special tax treatment for small enterprises. On the one hand, however, the evidence that SMEs suffer severe financing constraints is not overwhelming; on the other hand, tax relief for SMEs is not necessarily the best response to financial market imperfections.