Monday, March 16, 2015

The government has forgotten the tax cut – The Time

The government has forgotten the tax cut – The Time

Palazzo Chigi - Council of Ministers

->

 The tax cut seems to have disappeared from the agenda of the government. In the list of the next targets of the reforms to be completed not appear any plan to reduce the tax burden. Well that will go as it is but to ease the tax burden is not talked about. The condition to cut taxes, starting with those on real estate, is a robust scissor kick to public spending. but on this point the government tergiversa. The plan of the Commissioner Cottarelli remains on the list of good intentions. Discuss this issue again with the next law of stability, assured the Minister of Economy Pier Carlo Padoan, and this suggests that even on that occasion there will be conditions to reduce taxes. Indeed, with the arrival of the local tax, which should merge the taxes on the house, to start the next year, there is the risk of a further increase in tax rates on real estate.

 Even yesterday at the Ambrosetti Workshop, Minister Padoan listing the reforms to be addressed in the coming weeks did not mention the reduction of taxes. Spoke of “very dense agenda of reforms.” The list is “the implementation of the Jobs Act, the reform of public administration and justice.” Then goes completed the parliamentary process of school reform. How to cut spending, a necessary condition to face then the reduction of taxes, Padoan was very general except to say that “the spending review is alive and well and continues to be a guiding element for the decisions of the government.”

 The minister then complains about the low positive sentiment of firms and the deficit of trust of the families that are “ingredient” fundamental “is still lacking to start an exit from recession. Trust, said Padoan, is “a fundamental factor that must be translated into actions, spending choices, consumption and investment.” Then he stressed that the government “does not is relaxing” but is aware that at this stage, “at this time only, we have to tackle structural problems.” Finally, he denied that there could be any connection between the idea of ​​Greek exit from the Euro, and Italy. One Response to Panos Kammelos, Defense Minister greek about an interview with the “Bild”, which suggested that the case of the Athens exit from the euro, including Italy and Spain should abandon the single currency.

 But even if the economic situation is not comparable Italian and Greek, is equally fragile. The governor of the Bank of Italy, Ignazio Visco, has confirmed the growth estimates for our country: more than 0.5% this year, and over 1.5% in 2016. It is still running in slow motion. Visco there for a good time, with the arrival of the euro and the drain of resources from the ECB via the Quantitative easing, and must be exploited to the maximum. As a priority the governor puts the greatest credit to businesses.

->

Laura Della Pasqua

LikeTweet

No comments:

Post a Comment