Luxemburg, 15/03/2006 (Agence Europe) - The Advocate General Stix-Hackl has concluded that the Italian regional tax IRAP (imposta regionale sulle attività produttive) should be declared illegal because it possessed the characteristics of VAT. The case was brought before Italian tax courts by the Banca Popolare di Cremona, seeking reimbursement of money paid in IRAP. Like all companies and legal persons, the Italian bank had had to pay this tax, set at “4.25% of the net value deriving from...