Thursday, September 17, 2015

Padoan cuts Tasi But those who rent Tax denies Renzi – The Time

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Via also Tasi for renters. At the funeral of the taxes on the house promised by the government adds another victim: the tax on services indivisible paid, in part, by those who take a rented house. This was announced by the Minister of Economy, Padoan, during Question Time in the House. An answer which belies partly promises Renzi that in August he had spoken to abolish even the IMU on the first house or that paid by luxury homes.

Too bad, though, that the need to hoard maxi-tax cut promised by the government is becoming more and more a mirage. The last doubt it instills the OECD that, just yesterday, belies the strong economic recovery triumphantly announced on TV by the Renzi. According to the Parisian organization, in fact, the Italian GDP this year will grow by just 0.7%. And next year the increase will be just 1.3%, about 0.2 points below the expected share, for a total of nearly 4 billion euro of gross domestic product in the least. And ‘what we read in Interim Global Economic Assessment of the OECD, which has revised down the growth of the rest of the world. According to the organization, in fact, the global GDP will grow by 3% this year, 0.1% less than predicted in June, and 2.6% in 2016.

The downward revision, says the agency, is mainly due to the slowdown in emerging economies, where growth forecasts have been correct all in the negative. The situation, already difficult, is exacerbated by the tensions of a political nature that are involving Russia, the Middle East and North Africa.

For this, the OECD has also seen downward forecasts for the euro area, which this year will grow more than expected this year – 1.6% compared to ’1.5% forecast in June – but that in the coming years should be asked to sign an increase in GDP of 1.9%, 0.2% less than the forecast mid-year. “The pace of growth in some advanced economies, particularly in the Eurozone, it is disappointing in light of the favorable factors,” says the OECD. “The growth in the euro area as a whole is improving, but the recovery remains less advanced negl Use”, the document reads, “unemployment remains high and price pressures are low; the increase in rates for the eurozone growth is encouraging, but less than it could have been as winds of lower oil prices, a weaker euro and lower interest rates in the short term. ” In short, we have wasted an opportunity: the window of growth, driven by QE Dragons and abasement in oil prices, it is already closed. It promises Renzi become increasingly difficult to maintain.

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Mark Valeri

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