South Tyrol retain a large part of most levied taxes, while remaining a net contributor to the national budget. As of 2016, South Tyrol is the wealthiest province in Italy and among the wealthiest in the European Union. In the wider context of the European Union, the province is one of the three members of the Euroregion of Tyrol-South Tyrol-Trentino, which corresponds almost exactly to the historical region of Tyrol. The other members are Tyrol state in Austria, to the north and east, and the Italian Autonomous province of Trento to the South. "South Tyrol" (occasionally "South Tirol") is the term most
Tyrol Tyrol are Innsbruck, Trento and Bolzano. The whole region of Tyrol is located in the Alps. Tyrol is bordered to the north by the state of Bavaria and to the east by the states of Carinthia and Salzburg. West of Tyrol lies the state of Vorarlberg and the canton of Grisons. On the southern side of Tyrol, the land is bordered by the regions of Veneto and Lombardy. Important rivers in Tyrol are the Adige, Inn and Drau. The region is characterized by many valleys. Some of these valleys are still difficult to reach today. The most important valleys are