Minister Padoan: “Farewell to Tasi and IMU, will lower taxes on businesses” – The Messenger

Cernobbio (Como) – The right message in the right place. The government does not think only to cut taxes on first homes, but also to boost the competitiveness of enterprises, says Economy Minister Pier Carlo Padoan. It’s up to him, as usual, the closing speech at the Ambrosetti forum and if two days ago Prime Minister Renzi came here to announce that Italy is no longer a problem for Europe, is the minister to provide some details more on strategies to consolidate the current recovery and the program executive for snipping the Tasi and, gradually, IRAP and personal income tax.

For the next stability law the government is studying “a further reduction of taxation in favor of corporate competitiveness,” because “there is a favorable external framework that will continue and a strong domestic component.” In short, “these numbers will last.” We are “on track”, said the minister: an increase which marks already gained + 0.7%, in 2016 the debt will come down in the next year and the deficit / GDP ratio will respect the fiscal compact. “I want to take off a pebble in the shoe,” he warns managers and bankers gathered at Lake Como. “Since I have come out of these numbers the national sport is to say that only depend on external factors. But are the result of an effective growth strategy, which goes in the right direction. “

It is the beginning of a positive cycle,” the Italian public finances “is on the path of recovery,” although it remains open comparison with Brussels on budgetary constraints. G20 with the Commissioner for Economic Affairs Pierre Moscovici ‘there was also talk of the flexibility clause: to make best use, in the margins decided by all and as efficiently as possible. ” The tax cut – that “it is the pillar of the government’s strategy, begun in 2014 with € 80 and will continue until 2018″ – will take place “in a context of stable coverage over time.” And to those who are skeptical about the tax cut on the first house he replies: “Breaking down those at work is more effective in terms of GDP and possibly employment, but 80% of Italians have a house, and then delete the tax burden means giving income to support consumption. “

RESCUE
 And then there’s the chapter banks. Paodan denies rumors on the creation of a rescue fund for some institutions in difficulty. “I hear voices that are new to me. We are not asking for some banks to put money into a fund. Banks need to accelerate the sale of loans, which small measure of greatest need. ” Not only that: “The law should speed up the popular, and I believe it will, the process of mergers and acquisitions, so that there will be more small banks.” The government says the minister, will adopt measures that will primarily market friendly, “of which all banks will benefit and if necessary and if it is allowed by the rules we will have a further boost from indirect government guarantees.” Italy has re-emerged from a recession that has eroded 10 percent of GDP and “we are a country bancocentrico it was very strange to imagine there were difficult situations in the financial statements of the banks.”

 September 7, 2015 05:48 – Last Updated: 24:03

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