IRS, Padoan: ok to drop in taxes, but do not rush into – Il Sole 24 Ore

History of the article

Close

This article was published May 6, 2016 at 9:58.
the last change is the May 6, 2016 at 11:35.

“the decrease in taxes is and remains one of the government’s policy pillars. The timing is that note, we should not rush into. ” This was stated by Economy Minister Pier Carlo Padoan, speaking on Radio too about the rumors on the advance of the 2017 IRPEF cut (expected in 2018). And he explained: “There is a general framework of compatibility that must be defended because it is good for Italy. This is the task of the Minister of Economy. “

Padoan: Excellent value for money pension system
The Minister confirmed that the government is working in Social law on amendments to the law Fornero, in particular on the issue of flexibility in output. “There is room to consider improvements in the pension system,” said Padoan, who underlined, however, as our system is now “sustainable and solid between several of Europe.” In an interview with QN, Pier Paolo Baretta, Economy Undersecretary, explained that “flexibility is at hand and the forthcoming Stability Law will become reality. Or in the form of loan or pension as early retirement with penalties, “but the funds will not come from the recalculation of higher allowances.

“Words Visco specimens, no problem contagion”
Padoan also spoke of banks, by sharing some concerns highlighted by the Bank of Italy governor Ignazio Visco on infection risk linked to the bail-in the new mechanism. “The bail mechanism has radically changed the rules – the minister said – and the claim of the governor Visco is extremely original and useful: if a bank closes that close could be infected. When you take measures of individual banks must not forget the impact on the rest of the system. ”

“German Criticism? Frankly I do not understand “
As for the criticism frequently leveled against the Italian public accounts by leading authorities establishment of Germany, the last governor of the Bundesbank Jens Weidmann, Padoan replied:” Italy does not He has nothing to reproach himself. It is one of the countries that is doing more structural reforms and, together with Germany, also has one of the largest primary surplus of the public budget. We are growing and we have sustainable public finances. ” He explained: “We have one of the lowest deficits in the euro zone, the problem is that there is no inflation, and this does not depend on us”, adding that “the debt starts to go down.” “I wish to stress – he continued – that the slowdown in pace of debt reduction is essentially, if not entirely, due to the fact that inflation is not because it is the nominal growth that matters.”

© ALL rIGHTS RESERVED

Permalink