OECD Taxation Working Papers

ISSN :
2223-5558 (online)
DOI :
10.1787/22235558
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Working papers from the Centre for Tax Policy and Administration of the OECD that cover the full range of the Centre’s work on taxation with the main focus on tax policy related issues.
 

Corporate Taxation and SMEs: The Italian Experience

The Italian Experience You or your institution have access to this content

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Author(s):
Marco Manzo1
Author Affiliations
  • 1: Ministry of Economy and Finance, Italy

Publication Date
03 Nov 2011
Bibliographic information
No.:
6
Pages
46
DOI
10.1787/5kg3h0th7t7c-en

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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.