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Italy

Italy’s lost VAT revenue is the highest in the EU, Guernsey shoots down new GST proposals, Egypt introduces VAT on tobacco products, and more
The controversial measure is being watered down after criticism from the European Central Bank.
The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.
UN Secretary-General António Guterres calls for a bigger role in tax policy, while tax haven Bermuda plans to introduce its first-ever corporate tax.
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