Padoan: the tax burden will fall to 40% in a few years, tax cuts from 2018 – Il Sole 24 Ore

The tax burden “will continue to decline in coming years even if we do not do specific interventions.” Will drop to 40% “do not know if by the term” but in any case “in a few years.” So Economy Minister Pier Carlo Padoan, interviewed on Porta a Porta. growth also “will grow stronger because we have yet to see the full impact of structural reforms, including constitutional reform.”

To cut personal income tax possible margins from IRES
there may be scope to cut the income tax already next year to families acting sull’Ires whose cut, from 2017, was already provided for in the last stability law. The minister was addressing the transmission of Bruno Vespa, explains that the IRES will drop some points in 2017. “I told some points because it is a different way to explain that there are margins” to be exploited for other tax cuts. “If we can anticipate the Irpef cut will do and we will see how many points. However points that you feel in the pockets “, this is certain Padoan.

“If we can anticipate the Irpef cut will do and we will see how many points”

Pier carlo Padoan

in 2016 debt down to less than one percentage point
in 2016 the national debt will fall “of less than one percentage point, thanks to revenues from privatizations but not the expected “since” missing something important, inflation. ” Thinking about the future prospects Minister assures that “investors have less and less afraid of Italy.” The country is “not for sale” despite the growing number of acquisitions’ by foreigners of many Italian jewels. ” It remains “an entrepreneurial vitality that perhaps we see little. I often visit places of innovation, Italy’s innovation potential is gigantic from human capital. ” And “government’s objective is to create conditions in which these potentials are exploited to the maximum.”

IMF: good reforms, now lower wedge and debt

Brexit a serious risk, it can be a model for other
Padoan for the Brexit would be a serious problem for all European Union countries, it would produce “an impasse” and “a period of institutional uncertainty.” But the real risk is that “can become” model for other states where “there is a majority that wants to leave Europe.” This is the warning of the Minister of Economy. “I’m not a forecast but I read the polls that indicate a prevalence of those who want to leave. Succederebbero not many positive things and we would enter into a phase of institutional uncertainty with two years of negotiations and would not be an easy negotiation. ” The most affected countries would be those tied to England as Ireland and France, “Italy is less tied but would be very negative.”

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