Wednesday, June 1, 2016

Padoan: “In 2017 the corporate income tax and spirals down to the personal income tax. The 80 euro for pensioners? not infinite spaces’ – Il Sole 24 Ore

The government will conduct a review of tax expenditures but inside “of a general policy of tax reduction ‘. In the interview lasted about 30 minutes a director SkyTg24 Sarah Varetto Economy Minister Pier Carlo Padoan has confirmed that it “will continue to cut taxes.” The ‘fixing of rates of tax relief policy – he added – is redistributive. There are – he explained – in this large basket so many things accumulated over time, there is the opportunity to simplify the system and increase the disposable income, “with particular attention to low-income families.

The Minister also commented on the widespread OECD data in the morning, and the statements by the Governor of Bank of Italy, Ignazio Visco,



The governor of the Bank of Italy Ignazio Visco

according to which the Italian growth would still be “disappointing” that have lowered their estimates on ‘Italy. “No, I’m not worried – he said – are indeed encouraged. Growth accelerates, there will be more next year. The Italian economy has turned. Of course I am not satisfied. The government will do more and will continue to cut taxes. ”

“We – he continued Padoan – we promise to cut taxes that have already been approved by the law of the previous Stability and defuse the safeguard clauses’. And in detail, on the assumption that the government would confirm the IRES cut already approved for 2017 and a halt to the increases in VAT and excise duties for 15 billion provided for the protection of the public finances, Padoan has made it clear that the goal remains to “reduce the deficit and to insist on the fall of the debt relative to GDP.”

Do not rule out cutting personal income tax in 2017, whether replacement
“I do not exclude anything,” he added to About the hypothesis of Irpef cutting early 2017.



income tax, jobs act, businesses, families here is the “site” of the government

“When we begin to work on the stability law we consider all hypotheses, there are no preconceptions but guiding principles of good management, within these all assumptions are taken into account. ” The job of the finance minister, said, “it is to remember that there are some compatibility ‘to be respected.

Accommodation: Padoan, flexibility is important On
pensions and particularly on flexibility regarding the minister added “we are considering various hypotheses. I confirm that flexibility is an important factor and can be attacked with the financial support that comes from the banks. ” Padoan for the balance of the pension system is not ‘a whim but a requirement of public finances. “The flexibility I think is an important element: the effects on the labor market will be assessed. Not ‘automatic’ to be created more work stressed.

Referring to the hypothesis of enlarging the pensioners to a minimum benefit of 80 euro for the minister, “the spaces are there but they are not infinite, at some point you have to make a choice, something to be left out ». Padoan has made it clear that “the job of finance minister is to remember that there are some compatibility ‘. Do not forget that we are a high-debt country. “

Fs: Padoan, different hypotheses, on the market within 18 months
And Debt” has the dynamics, debt continued to grow because of the recession, now is coming down and this and ‘important for the markets. ” As to privatization “is an important contribution to the reduction of the debt at the moment are not a snapshot, but as a tool for enhancing the Post show.”

The Economy Minister of Railways confirmed that “we are already working on several hypotheses.” The landing on the market has Padoan reiterated “is scheduled between 2016 and 2017, over the next 18 months, this is the temporal order.”

Finally, speaking of the referendum on institutional reform has made clear: “I observe a trivial thing: if the prime minister goes home all the government goes home.” And answering the question about what he would do in the event of victory of the ‘no’ to the October constitutional referendum, he added: “My future commitment – he added – is to go back to university,” but emphasizes that “the reforms have a huge impact on economic. Make policy more effective. And in Italy it needs a stable time horizon. ”



“If the prime minister goes home all the government goes home”

Minister Economy Pier Carlo Padoan

Health and spending review: with central purchases already 20% savings cut
The reduction of central purchasing 33 thousand to 35 “is translating into very significant savings numbers, for example on health spending, to buy the famous syringes” Padoan told Sky TG24 emphasizing that the early unofficial results “you spend 20% less to buy the same things. ”



Atlas, here is all the rules for investment of the saving banks fund

Then the banking system Speaking admitted that without the fund Atlas “that intervened in the capital increase of the People Vicenza, it risked a systemic crisis for Italian banks. ” Because the banks were in a situation of fragility also due to “a deep recession.” Atlas, has ricordatoPadoan “not public” but government intervention came in the form of new rules to shorten the credits.

With regards to the British referendum scheduled June 23 Economy owner He said he was concerned. The Brexit clarified Padoan “would be a very serious trouble because ‘throw the GB and Europe in uncertainty. There would also be the risk of a political contagion and a threat to European integration “.

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