Wednesday, October 19, 2016

The government, Padoan: “The maneuver is not one spot election” – The Tyrrhenian sea

ROME. “The numbers that Italy has presented should be evaluated, but in our opinion we are in the rule because the deficit continues to come down. The maneuver is not a spot on the ballot, is good for the growth of the Country”. On the day that the policy document that summarizes the Budget act of 2017 arrives on the table of the European Commission, the minister of Economy, Pier Carlo Padoan, it shows confident about the outcome of the negotiations with Brussels, despite the doubts raised about the value of the ratio of deficit-to-Gdp ratio that the government has placed at 2.3%. And speaking at One Morning, the owner of via XX Settembre, explains why: “We asked the Parliament to move from 2% to 2.3% just because of the exceptional costs which are those of the earthquake and migrants, in a great emergency, of which italy is responsible for herself and for the whole of Europe”. The european commissioner for economic Affairs Pierre Moscovici, according to Padoan, as usual, will be very frank and very severe. “But I,” adds the minister, “I expect you to enforce these rules, some of which are very abstruse. At the bottom we have a deficit of 2.3%, the lowest in many years”.

The parliamentary office of the Budget has meanwhile promoted the new macroeconomic framework that emerges from the planning Document of the financial statements. “The validation procedure, which takes account of the increase from 2% to 2.3% of the target relative to the ratio of deficit-to-Gdp ratio for the next year has had a positive outcome. However,” reads the official note “there are still some risk factors that could negatively impact on the objectives set for 2017″.

in Brussels there is the first ok with the reserve. But you can be sure that the "attention" will focus on one-off measures envisaged by the budget. But not only that. “We are not the commission of the penalties and punishments. It is legitimate that some expenses are the subject of flexibility, but the exam will be demanding. Let us monitor the costs of the earthquake to the migrants” know, Moscovici.

But yesterday, Padoan was also forced to defend the two measures most disputed of the manoeuvre: the second edition of the voluntary disclosure and the scrapping of folders Equitalia. Two interventions to Padoan “are not amnesty because you pay the due”. The minister explained that for the emergence of the cash, the voluntary proposes a mechanism to invite the holders of this wealth hidden to emerge. Wealth on which you have to pay taxes”. The amount of money that could come to light is uncertain: “it Depends on how much we are doing to emerge”. Already the previous voluntary disclosure has obtained important results, “due to the fact that the international environment has become much more transparent,” added Padoan. “Then let’s go in this direction, – he continued – and here there is also the cash, because beyond the criminal cases, which of course shall be pursued, there are many law-abiding citizens who hold their savings in the form of cash, and there may be reasons to justify it. The controls will be more effective than in the past, if those money are the result of an illegal activity from the point of view of criminal this the lord will not adhere to the voluntary, but he will go to jail”.

But to contest the maneuver is not just the opposition. The main criticism is hard to Renzi comes by Pier Luigi Bersani. “It is well known my feelings on the issue of combating tax evasion. I would suggest not to evoke the worst tools polemical on the right: here it is not to fight the vampire, it is about recognizing the principle for which to pay, the less you should pay for all. Maybe in the Us U can have him explain how to make the tax evasion” attacks the former secretary of the Pd. Critical to the voluntary come,

Francecso Bowl (“Standard Crown? I’d be stunned…”) while the deputy bersaniano Davide Zoggia that he is ready to vote against: “I say that with clarity. My government endorses the voluntary disclosure for cash hardly will take my leave”.

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