Economy / Politics

The perpetual suspense of Italian taxation

The Italian taxation system is considered a major obstacle to foreign investment in the country. Not only taxes are too high, they are also hopelessly confused.

Let’s take, for example, the real estate tax. It was modified by Berlusconi, Monti and Letta. Mr Letta’s modifications wore more the one, and they are still subject to an exegetic debate.

Now, Mr Renzi modified the income tax, but only until December. Then what ? Nobody knows.

The main cause of this mess is that political partoes during electoral campaign promise tax cuts, but then they are unable to find in the State budget the money necessary to deliver. Therefore, they enact provisional and overcomplicated measures in order to grant temporary relief to their crisis-stricken electors.

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