Italy’s Revenue Is Booming Amid a Budget Spat With the EU

(Bloomberg) -- Italy’s tax revenue is booming even as the country’s economy stagnates, bringing Rome’s populist government a welcome boost in its tense stand-off with Brussels over skyrocketing debt. The introduction of electronic invoicing pushed domestic VAT revenue up 5.4% in the first four months of 2019, compared to the same period a year earlier. And the trend is set to continue: Electronic cash registers that send transaction data automatically to tax authorities became compulsory on Monday.

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