Italian tax revenues up 4.1% in first eight months of 2012

Italian tax revenues rose 4.1% in the first eight months of this year compared to the same period in 2011, climbing to 268.7 billion euros, according to data released Friday by Italy's Finance Ministry. The inland revenue reaped some 10.46 billion euros more this year than it did in the same period last year. Amongst factors that led to the overall gain was the new IMU real estate tax introduced starting from fiscal year 2012 and taxes on mineral oils. Personal income tax revenues fell by 641 milion euros, 0.6%, with contributions from self-employed workers falling 4.2%. Corporate tax inflows posted a 0.3% decline, dropping to 17.5 billion euros.