Italy Tax Revenue Rose in First Quarter Even Amid Slump

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Italian tax revenue rose 0.7 percent in the first quarter from a year earlier, the Finance Ministry said in a report published today.

Tax revenue amounted to about 88 billion euros ($115 billion) in the first three months of the year, according to the report. Direct taxes rose 0.1 percent over the same period, while indirect taxes rose 1.4 percent.