Wednesday, March 2, 2016

Padoan: ahead with the tax cut “measures are sustainable and credible” – TGCOM

– “The tax cut will continue, it is one of the hallmarks of the government’s economic strategy.” This was stated by Minister of Economy, Pier Carlo Padoan. “The measures must be credible and sustainable, otherwise it will not give the signal that is eating away permanently the tax burden,” he added, remembering how we are “cuts already planned for 2017 and should be considered also the elimination of safeguard clauses.”

 Padoan: ahead with tax cuts& Quot; Measurements are sustainable and credible & quot;

The easing of taxes, along with “structural reforms and investments” is “one of the three pillars of government policy,” stressed the minister, and began “cutting the tax burden to families in need with the famous 80 euro”, then with the reduction of wedge on labor, through the elimination of taxes on first homes, maxi-depreciation and the extension of the facilities in the South. in essence, resumes, “we cut taxes extensively and will continue to do so.”

If the question is whether it “will cut taxes for companies or” consumption, the minister replied that “we started by families because they were in a state of deep crisis, it must now also, I stress also, support from the point of view the lower tax burden businesses. So I do not see contrasts, invite you to consider multi-annual strategy, this is the concern that we have. “

With regard to the safeguard clauses, to the Minister to be considered in this strategy because it is” of any increases VAT if public finances were not under control. Since it is “, as shown by the latest Istat data ,” also will prevent that these clauses may take. “

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