ROME (Reuters) - Italian Prime Minister Matteo Renzi vowed to cut the tax burden by a double-digit figure by the first half of 2014 in a speech to the Senate in which he outlined an ambitious series of measures on Monday.
The tax wedge, which is the difference between what a company pays each worker and the worker's take-home pay, was estimated to be 47.6 percent in 2012 by the OECD, the sixth-highest in the group of the 34 member countries.
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