the ROME – “Europe must choose which side to take. Can accept the fact that our deficit steps from 2 to 2.3 per cent of Gdp to cope with the earthquake emergency and to that of migrants. Or choose the road of Hungarian, the one that migrants opposed walls, and which should be rejected. But so would be the beginning of the end.” Just last Saturday, Pier Carlo Padoan presented a serious, next to a euphoric Matteo Renzi, the law of the budget by 27 billion by 2017. Now, after a week marked by controversy, violent, accusations that the government wants to help the party of tax evaders, suspicious, national and european, delays and changes in the course of the work, the minister of Economy is clarit y on the objectives and novelty of the maneuver. Standing also “some of the many pebbles that have remained with me in my shoes,” for many “have looked at the finger, not the moon, and the moon is a maneuver with less taxes and more attention to the growth, in line with what we have already done in the past years”.
In the next few days Padoan will have a decisive meeting with the european Commissioner responsible for the public accounts, and Pierre Moscovici, but is optimistic. The more so that, after the amendment of the amnesty on cash admits that the weight of the one-off in the maneuver, “will be reduced”. “The allegations of gratuities and tax amnesties in view of the referendum are ridiculous.”
the Minister Padoan, expect the tax decree and the budget law for days. Now you think that we are waiting for the directions of Brussels and an informal agreement about our accounts to print the measures.
“The tax decree has just been fired and sent to the Quirinale, while the budget law will have to wait a few more days. But do not believe that it is suspended waiting for directions, or phone calls from Brussels: it is just more accounting work, and for the coordination of the general Accounting office due to the new legislation”.
the fact Remains that Italy calls for a 2.3% ratio of deficit-to-Gdp ratio while the Commission seems willing to concedercene to a maximum of 2.2 percent. A matter of a few billion, but still a problem for a Country that has already enjoyed a lot of flexibility. How to fix it?
“Since 2011, Italy has spent billions and billions to deal with an emergency migrants that was not and is not a problem and only his, but of the entire Union. And no one so far has recognized this economic commitment. A few months ago to Turkey were recognized by Europe 3 billion just to deal with the emergency migrants. Italy has spent more than all for this emergency, and has rendered a service to the other States, has defended a “public good” together. He also says the document that has just been released from the summit in Bratislava, where he speaks expressly of the weight of the question of migrants on the southern countries of Europe. It is a political problem, w hich concerns the future of the continent”.
The doubts of Brussels on the budget does not only concern migrants, there is also the question of growth. Always counts by about 1 percent in the next year?
“We depend on this and consider it a conservative estimate, the rest of the parliamentary Office of the budget has validated in the light of the measures contained in the maneuver. It speaks little of the heart of the manoeuvre and where there are interventions on firms and on productivity, which have a strong effect on growth: we confirm the superammortamento for the purchase of capital goods, and introduce the iperammortamento for investments in tangible and intangible assets in new technologies. And we put two billion additional for the construction of public works. Expect to see estimates of November of the Commission on growth but account not to be disappointed”.
However, we are always there to chase the best…
“this Time, I would say no. The directions that come from the G20 are all directed to the growth, against austerity and tackling inequality. In this sense, the Italy with this maneuver can be a model for Europe. Today the problem is not saying yes or no to Europe, but to say yes to a different Europe, that it is not stationary and instead moves”.
But for now the numbers you require. Another question, the structural deficit, that is, it calculates taking into account the economic situation is weak or negative. According to the Commission, is too high.
“As is well known, we have opened a discussion to change the method of calculation of the structural deficit, which according to us does not measure the reality of things. There are eight countries that ask for the change and others are added verbally in the last few days, but, inexplicably, did not proceed. The estimation methods of other international organisations give different results”.
For many people, but also for the Commission, the weight of revenue one-off in the law of the budget, amounting to about 50 percent of the covers, would be too high. What’s your answer?
“The covers to the structural character are the most of the half. You have to appreciate some of the effects in the long term: it is true that the operation frequency is one-off, but it is also true that it sets in motion a market in a structural way. While the electronic billing and the quarterly reporting of Vat to the revenue Agency to increase the revenue from the fight against tax evasion so persistent.”
you Wanted to go out in the open the cash hidden by proposing a flat-rate tax of 35 percent. The charges were to encourage the tax evaders…
“Are accusations that are ridiculous. The emergence of the cash, which often is in the safe at to negative growth rates and not necessarily because it is derived from unlawful activities, it was necessary to identify a level of tax rate that will be attractive without make presents to anyone.”
However, before the protests have done the reverse. Why move so if you do not consider well founded the criticisms?
“it was absolutely a relief that favored the dodgers, this the repeat. But we have decided to eliminate the flat-rate does not give rise even to the suspicion of wanting to encourage those who do not respect the rules. That someone is amused to call “under the Crown” is no longer there. Stop. I would rather that you spoke of structural measures against the evasion of Vat”.
tax is an important part of the maneuver, there is the scrapping of the folders and the reform of Equitalia. But as a change in concrete, the relationship with the taxpayer?
“Equitalia will be transformed into a public economic institution, you will lose, therefore, the role of the spa – even if its employees will keep their contract private, and it will be inserted in the revenue Agency. It is a structural reform that improves the capacity of the collection and allows us to quickly implement the new approach to the relationship between the tax authorities and the taxpayer, based on collaboration”.
Also the measures on pensions are discussed. In particular, the president of Inps, Tito Boeri has criticized the reform, saying that weighs down the debt to social security.
“I Would like to remind the president of the Inps that some of the proposals to reform social security that he has presented in recent months would have created major problems of aggravation of spending and put at risk the public finances”.
But the utterances of the Boers are compatible with his role as president of the Inps?
“this is not a comment. The Inps is supervised by the ministry of Labour. Rather, I remember the flexibility of pension you already talked about a year ago, we committed to introduce it in 2017 and we have kept the commitment.”
We pass to the banks. Mps goes back in the Bag, but the situation of the banking sector in Italy remains very worrying. She feels comfortable?
“I notice two things. The first is that there has been a transaction such as the merger between Popolare di Milano and Banco Popolare, which goes in the direction that we indicated a year and a half ago, with the decree on the Popular. The second is that in the next few years, the credit industry will encounter mergers and restructuring that will have an effect also on the staff. For this in the Budget law there are also resources to help the banking system in this process must”.
And Mps? On the market a few believe in the success of the capital increase as proposed.
“I am confident of the business plan that the management of the bank will make. Of course, in full autonomy”.
the president of The Council has called jokingly St. Prudentius, referring to its caution about the public accounts. He had to say many “no” in those weeks?
“In fact, with Renzi, there is a dialectical relationship and collaborative: let’s look together at the issues and evaluate. I believe that it is a useful method because it helps us to keep all the commitments on deficit, debt and growth. I do the “Mr. No” from time to time with the colleagues in the government, I remind them that we always have a high public debt, and the eye of the markets on us.”
The referendum as a vote?
“yes convinced, because the constitutional reform will have an effect of coupling on all the other reforms”.
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