Saturday, July 25, 2015

23 billion of waste in local government spending is where to find the money to cut taxes – Reuters

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23 billion of waste in local government spending is where to find the money to cut taxes

The estimate of Confcommercio:” The money saved should be shared equally between the regions “

The president of Confcommercio Carlo Sangalli

About 74 billion euro of local government spending in excess there are at least 23 can attack, because the result of waste, says Confcommercio. The estimate is based on hypothetical calculation of what would cost local public services nationwide price of Lombardy, the region of reference for efficiency.

In the face of total expenditure to 176.4 billion in 2012, the excess spending is estimated at 74.1 billion.

Of these, however, they should be reinvested to reach 52.2 billion, in all Italian regions, the level of service of Lombardy to the costs incurred by the Lombardy. This brings us to 22.9 billion in cuts, which should be distributed in almost similar measure between ordinary and special statute regions.

From here according to Confcommercio should start spending review. With the primary objective of reducing the tax burden became unbearable.

One suggestion comes just days when Renzi launched its plan Copernican revolution tax by 50 billion, in the eyes of all observers, is fragile especially in terms of the shell.

Confcommercio supports the idea of ​​an energetic intervention of tax reduction. But for President Carlo Sangalli, first thing, we would need to decrease by one percentage point each of the five current personal income tax rates, with a project that would cost a total of just under € 8 billion. “This tax burden at record levels – said – is an unbearable burden for households and businesses and is incompatible with any realistic chance of growth in the country.”

In line with this goal “every euro recovered from the lower cost of debt – as well as the fight against tax evasion – must be returned to taxpayers in order. You can not imagine to make ends meet in a modern economic democracy, resorting more and raising taxes.

To this must be prevented by all means the activation of safeguard clauses which would result in 70 billion more in taxes over the next three years. Otherwise it would burn definitively recovery prospects. If these clauses will not click, as the government has assured us and we hope and we want to believe – concludes Sangalli – the choices the executive will go in the right direction. ”

 

lapresse

 07/23/2015

 

lapresse

 07/24/2015

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