G20. OECD: Italy priorities for tax and labor – ANSA.it

“To mobilize a broad spectrum of for improve job opportunities for the unemployed and facilitate their return to work remains a priority for reform” in Italy, given that “unemployment remains very high, especially for the young and for those without long-time work. ” This was written by the OECD in its ‘Going for Growth’ report, presented at the Shanghai Financial G20.

On the work front, the OECD urges Italy to “carry forward the balance of protection from the post of work to the worker’s income, reducing the dualism of the market with more flexible and more predictable legal procedures for hiring and firing, and less expensive, “and to” accentuate the active labor market policies, in particular by concentrating resources on long-term unemployed. ” The organization then points out on these fronts will have already made some progress with the creation of the National Agency for active employment policies, a “nuoco contract with less expensive traps, and an increasing safeguards” system supported by “universal unemployment benefits conditional on participation in programs” and “relevant decrees aimed at improving the efficiency of the civil courts in bankruptcy cases.”

Italy is to “ improve efficiency the tax structure , reducing distortion and inducement to escape, reducing the high nominal rates of taxation and abolishing various tax expenditures. ” And ‘one of the recommendations made by the OECD.

Italy is to “ reduce barriers to competition ensuring that the reforms are fully implemented at all levels, improving incentives to ‘efficiency of the civil courts and making smoother the bankruptcy proceedings. “

” After being hit hard by the crisis, the Italian economy shows a recovery in production and an improvement in the labor market. “

“ the global growth outlook remains clouded in the short term , with emerging economies that lose thrust, world trade slowing down and the recovery in the advanced economies still ballasted by the persistent weakness of the investments “. According to the OECD, which need “structural reforms , combined with policies to support the demand”, to “increase in a sustainable manner the productivity and creating jobs.”

Lagarde, countries make reforms, just tricks – governments do “faster reforms” promised at the G20 in 2014. the reminder comes from the director of the International Monetary Fund Christine Lagarde. “Governments must not invent more tricks but have decided to bring forward so the commitments they have made,” said the IMF’s number one at a conference in Shanghai. “They must act on all fronts,” he stressed, referring to the structural and fiscal reforms.

Schaeuble, no new fiscal stimulus – The German Finance Minister, Wolfgang Shaeuble, he says ‘no’ to a fiscal stimulus plan by the G20, underlining that focus “on structural reforms” to strengthen growth. “Speaking of further stimuli does nothing but distract from the real task” of countries, said Schaeuble in Shanghai on the eve of the G20, reports Bloomberg. Germany “does not agree about a fiscal stimulus package in the G20, as others claim if it were to materialize on the perspectives of risk.”

Zhou, no use of yuan devaluation – China’s central bank does not aim at the weak yuan to support export: it assured the governor Zhou Xiaochuan that in a wait press conference, said this morning that the institute “will not resort to competitive devaluation boost exports “. Zhou, in the imminence of the start of the Shanghai financial G20, said the leaders of the major developed and emerging economies should focus on demand management, on the structural economic reforms and the promotion of global growth “sustainable and balanced.”