Share

Def, Cnel: assets, Tobin tax and tax reduction

There is a clash between Cnel and the Government over the Economic and Financial Document: "The new revenue deriving from the recovery of tax evasion and from the new taxes must not be additional but must be destined to reduce the levy on income", says councilor Jannotti Pecci.

Def, Cnel: assets, Tobin tax and tax reduction

Def, it's a long-distance clash between Cnel and the government. The CNEL replies to Deputy Minister Vittorio Grilli, which excludes the hypothesis of assets, which instead stresses the opportunity to intervene on assets before the same Budget commissions of the Senate and Chamber where the representative of the executive had intervened. Not only that: e to also introduce the Tobin tax.

Monitor the wealth owned to verify its consistency with income and introduce an "ordinary balance sheet": this is the indication of Costanzo Jannotti Pecci, councilor and president of the commission for economic policies. Cnel believes that "the government's programmatic indications, which have not yet been implemented, relating to the monitoring of owned wealth to verify their consistency with the income reported over the years must be made operational quickly and proposes to accompany this monitoring with the introduction of ordinary assets".

According to the Cnel, Furthermore, "the new revenue deriving from the recovery of evasion and from the new taxes must not be additional but must be used to reduce the tax on income, and in particular, the reduction of labor costs. In this context, the impact of recently introduced taxes, also of a financial type, will have to be assessed to verify their degree of fairness and progressiveness". By intervening in this way, rates could be reduced and there would also be a positive effect with respect to the spontaneous fulfillment of tax obligations. "It is the opinion of the social partners that a profound redistribution of the levy can no longer be postponed, ample margins of intervention remain in the field of tax evasion".

For the Cnel the asset eventual should be accompanied by the launch of the Tobin tax. Jannotti Pecci says: the growth plans ”cannot be financed by new debt, 'it is necessary to pursue the path of finding new resources deriving from a taxation for financial transactions''. Not only that: "additional resources can be recovered through the spending review".

But there is also another issue marking the distance between Cnel and the government. "How do you restart infrastructure interventions if you then cut capital expenditure in such a significant way as envisaged by the Def?", in fact, asks the councilor of the Col. Jannotti Pecci remarks "the collapse of capital expenditure, both at the central and peripheral level" indicated by the Document and comments: "This prediction seems to us frankly in contrast with what the prime minister said: 'The recovery can't start again if it doesn't give a boost to productivity that must come from infrastructure investments'”.

Another point of controversial relief, the expenditure of the Regions. "We note that while there is a significant decline in intermediate consumption expenditure by central administrations, in line with the objectives of the Def, the same thing is not foreseen for peripheral administrations, Regions and other bodies territorial. We believe that the moment is perhaps ripe for carefully evaluating, 40 years after their establishment, what the Regions have represented and above all are representing for the country's economy”. Jannotti Pecci recalls that the Regions "had to have a driving force for the economy, and bring the levels of government closer to the citizens: we have the feeling - he says controversially - that probably this institutional, constitutional and democratic objective would not seem to have been achieved or very far".

comments