They remain too high taxes on work in our country. The OECD emphasized this in the OECD Economic Survey on Italy, recommending the implementation of a comprehensive tax reform to reduce system complexity and labor taxes. This – it reads – “should be financed through better compliance, driven by greater use of the technology and card payments “.
If your a double track: stimulate growth and increase equity with the stated goal of also reducing high evasion. Among the indications suggested by the OECD, the reorganization of the tax expenditure, i.e. the set of concessions, exemptions, deductions, deductions, bonuses and tax reliefs, which cost the State a total of 68 billion. “The general objective – Minister Franco said recently – is the reduction of the number and simplification. It is a question of seeing case by case if they are still useful and if the original purposes are still valid, what are the economic and distributive effects ”.
Necessary also, according to the Organization with headquarters in Paris, a greater equity tax for all, easing the burden on the middle class. As well as making it a priority to increase the property and inheritance taxes, below the international average.
Recovery accelerates, MEF revises deficit / GDP ratio downwards
Growth, therefore, more robust than expected. Numbers in the wake of which, according to what Reuters reconstructs, the MEF is considering lowering the estimates of the 2021 deficit / GDP ratio by at least 1,8 percentage points, from‘11,8% in April to a figure below the 10%.According to the Reuters source, growth of the PIL close to 6% it could improve the relationship with the deficit by almost one percentage point, directly impacting the quotient debt / GDP which could be below the 159.8% forecast by the Ministry of Economy last April, a new high since Second World War.
To act as a needle of the balance, the maneuver for 2022 that promises to be much more “Slim” given that the majority of the interventions will be financed with the treasure arrived from Brussels for the Recovery Plan. But the path is always one of obstacles as resources will be needed for the mini pension reform with Quota 100 expiring at the end of the year, the new shock absorbers, the funds for health care and the so-called non-deferrable expenses: we start from a mortgage for at least 20 billion.