Padoan “On esodati we are evaluating a new intervention,” – BBC

public finance

Milan , September 16, 2015 – 16:07

     
     
 

The government estimates the possibility of putting a field a new protective measure of esodati but it warns that “there are no certainties” Savings Fund and otherwise is required explicit legal provision to use them. This was stated by Minister of Economy Pier Carlo Padoan in a “question time” in the House. Economy Minister reiterated “the commitment of the government to find solutions with the appropriate degree of urgency.”

The safeguards

As for the rumors of about 3 billion possible savings to an overestimation of some safeguards Padoan said that any such resources “from 2013 They have no certainty as it was not completed the certification process. ” But, he explains, that if they were established would serve a “legal provision” suitable for use. Resources for esodati “It is an authorization of spending many years and not a fund for accumulating resources,” explains Padoan, thus emphasizing that “it is not to steal any resources, does not empty any funds for other purposes.” Because any savings, he adds, “could not be used in subsequent years without an explicit rule or a funding package. The holder of the Treasury has however said the government does not intend to make structural changes to the reform Fornero on security because it would go against the principles of stability of the accounts of the pension system.

Flexibility

“The burden of more flexibility on pensions would show up immediately with an impact on the path of adjustment of the public finances,” he Padoan added stressing that this project should be “carefully evaluated”. “Introducing further flexibility would entail substantial structural costs for public finances,” therefore “should therefore be carefully evaluated the project taking into account the costs and benefits.” Flexibility, he concludes, “if it should be considered to be consistent with the principle of long-term sustainability of the reform. “A modification of the structural reform would go against the principle of fiscal sustainability,” Padoan noted, pointing out that “there are already forms of flexibility” that allow you to retire earlier with a large number of years of contribution and who is covered by the system contribution-based or mixed.

The Tasi for tenants

The government in 2016 will eliminate the obligation to pay the Tasi on primary residences for tenants, said Padoan. “And ‘correct action aimed at the elimination of Tasi both for owners and for the holders of the property, avoiding inequalities among taxpayers,” said former chief economist of the OECD. The tax exemption of the first house has a value of about 3.5 billion. Tenants pay a portion of the tax, calculated based on the cadastral income.

September 16, 2015 (Amendment 16 September 2015 | 17:00)

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