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Welcome to the show of optimism. The one who hates the owls and nightingales rewards from bel canto. Yes, after taking a stake in the polls with cutting IMU and Tasi in 2016, now the government Renzi tries to win the consent of the entrepreneurs, a little ‘cold towards him after the GDP data in below expectations. And yesterday in just 24 hours from the renewal of the promise to cut taxes by the Prime Minister at the Ambrosetti Forum in Cernobbio was also economy minister Pier Carlo Padoan to strengthen their argument for a turnaround that will bear the tax burden, despite promises, Italians over 20 years.
“It is not only the tax on the home that is attacked. Stability in the next law we are considering extending a further reduction of taxation in favor of business competitiveness because there is a favorable external framework that will continue and there is a strong domestic component. And these numbers will last, “said Padoan yesterday in Cernobbio. The minister made a show of optimism definitely marrying much more than in the past the idea of communicative Renzi to always see the glass half full.
Padoan has indeed confirmed that “it is on the right track, with growth that marks already gained + 0.7%, from 2016 the debt will come down ‘ and that next year the deficit / GDP ratio will respect the fiscal compact. A very positive view supported by the fact that “the Italian public finances is on the path of recovery,” although it remains constantly open dialogue with Brussels on budgetary constraints.
Already, the words beautiful and fascinating on a program that can only be good for the Italian economy should follow the inevitable comparison with the hardness of the Brussels technocrats who have not never frowned upon the reduction of taxes on the house and, least of all, the possibility of financing tax cuts with the lighting of public debt.
The head of economics, however, is brought on with the job and already at the G20 in Ankara in Turkey which was attended last Saturday has already proposed the narrow path in which He should move his strategy. All’eurocommissario Economic Affairs Pierre Moscovici, Padoan has explained that “there was also talk of the flexibility clause, rather, the same commissioner asked me how we intend to use it.” Well “will use it to the fullest, within the margins decided by all and as efficiently as possible,” he said. A confirmation that in fact reveals what the line bearing the government’s strategy on the issue of tax reduction: more debt thanks to an increase in GDP.
Padoan defends the choice of the cut on the first house because, he argued, “it would be strange if this strategy does not exist” and also explained in detail the reasons and opportunities “Other things being equal conditions break down labor taxes is most effective in terms of GDP and employment that maybe bring down the tax on their houses. But conditions are different Italian saw that 80% of Italians are a homeowner and then bring down the tax burden means giving income to support consumption. “
So If the account of the maneuver tends to grow more than 40 billion considering the 4 billion IMU, 16 to avoid the shot of the safeguard clause in January, and the potential of 16 IMU, plus a few billion other cutting IRAP for companies, now at least we know that the government Renzi does not have the magic wand to reduce taxes but the simple recipe to exploit the return of positive sign in front of the GDP to ask the EU to keep the relationship with the deficiti a bit ‘higher than As requested by the European Union.
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