Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Tax implications for the capital markets and the repo and securities lending markets.
Italy to Reform Capital Gains Tax Regime
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Tax implications for the capital markets and the repo and securities lending markets.
Italy's New Capital Gains Tax Regime for Nonresident Companies
Author: R. RomitoPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
In this article, the author discusses measures in Italy's 2018 Budget Law that could result in a higher capital gains tax burden on foreign companies disposing of shares in Italian entities and that may, in practice, conflict with EU law. It offers suggestions to companies affected by the change, noting issues they should take into consideration when planning for and calculating Italian taxes.
Toward a Comprehensive Tax Reform for Italy
Author: Emile CammeraatPublisher: International Monetary Fund
ISBN: 1513529226
Category : Business & Economics
Languages : en
Pages : 38
Book Description
This paper evaluates elements of a comprehensive reform of the Italian tax system. Reform options are guided by the principles of reducing complexity, broadening the tax base, and lowering marginal tax rates, especially the tax burden on labor income. The revenue and distributional implications of personal income and property tax reforms are assessed with EUROMOD, while a microsimulation model is developed to evaluate VAT reform options. Simulations suggest that a substantial reduction in the tax burden on labor income can be obtained with a revenue-neutral base-broadening reform that streamlines tax expenditures and updates the property valuation system. In addition, a comprehensive reform would benefit low- and middle-income households the most, by lowering significantly their overall current tax liability, which results in increased progressivity of the tax system.
Reforming Capital Taxation in Italy
Author: Luc EyraudPublisher: International Monetary Fund
ISBN: 1484370724
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income, transactions, and ownership. It discusses options to enhance the neutrality of the capital income tax system, followed by a detailed analysis of the property tax, the inheritance tax, and various transaction taxes. The paper also examines the case for replacing the set of existing taxes on financial and real assets with a single net wealth tax.
Some Remarks on the Proposal to Reform Capital Income Taxation in Italy
Author: Giampaolo ArachiPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The Italian government has recently issued a bill for reforming capital income taxation both at personal and corporate level. This short note evaluates some of the main innovations contained in the government's proposal. As to personal taxation, the reform maintains the demise of accruals taxation and the implementation of a flat rate tax at 12.5% on both capital income and realised capital gains. As to corporate taxation, the government aims at abolishing both Irap and the so-called "Dit", and at reducing the statutory tax rate down to 33%. The note illustrates the reasons for disposing of accruals taxation as well as the drawbacks of a flat rate tax on the sum of capital income and realised capital gains and losses. Further, the note compares the average effective tax rate on corporate income both pre- and post-reform. It turns out that in its first stage the reform will slightly increase the tax burden on corporate income. The note ends with a discussion of the effect of tax competition on the future prospects of the Italian tax system.
Italy: Toward a Growth-Friendly Fiscal Reform
Author: Michal AndrlePublisher: International Monetary Fund
ISBN: 1484348044
Category : Business & Economics
Languages : en
Pages : 38
Book Description
Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balance by 2020, although concrete, high-quality measures to meet the target are yet to be specified. This paper seeks to contribute to the discussion by (i) assessing spending patterns to identify areas for savings; (ii) evaluating the pension system; (iii) analyzing the scope for revenue rebalancing; and (iv) putting forward a package of spending cuts and tax rebalancing that is growth friendly and inclusive, could have limited near-term output costs, and would achieve a notable reduction in public debt over the medium term. Such a package could help the authorities balance the need to bring down public debt and, thus, reduce vulnerabilities while supporting the economic recovery.
Italy
Author: International Monetary Fund. Fiscal Affairs Dept.Publisher: International Monetary Fund
ISBN: 1475511191
Category : Business & Economics
Languages : en
Pages : 63
Book Description
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Italy (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff and other technical assistance providers and donors with legitimate interest, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information: http://www.imf.org/external/np/pp/eng/2009/040609.pdf">http://www.imf.org/external/np/pp/eng/2009/040609.pdf). Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest shall require the explicit consent of the TA recipient and the IMF’s Fiscal Affairs Department.
Tax Systems and Tax Reforms in Europe
Author: Luigi BernardiPublisher: Routledge
ISBN: 1134352778
Category : Finance, Public
Languages : en
Pages : 336
Book Description
This impressive book featuring contributions from leading scholars, will be of great interest not only to academics but also to those involved in the financial sectors across the world.
Italy: Toward a Growth-Friendly Fiscal Reform
Author: Michal AndrlePublisher: International Monetary Fund
ISBN: 1484347587
Category : Business & Economics
Languages : en
Pages : 38
Book Description
Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balance by 2020, although concrete, high-quality measures to meet the target are yet to be specified. This paper seeks to contribute to the discussion by (i) assessing spending patterns to identify areas for savings; (ii) evaluating the pension system; (iii) analyzing the scope for revenue rebalancing; and (iv) putting forward a package of spending cuts and tax rebalancing that is growth friendly and inclusive, could have limited near-term output costs, and would achieve a notable reduction in public debt over the medium term. Such a package could help the authorities balance the need to bring down public debt and, thus, reduce vulnerabilities while supporting the economic recovery.
International Evidence on the Effects of Having No Capital Gains Taxes
Author: Fraser Institute (Vancouver, B.C.)Publisher: The Fraser Institute
ISBN: 0889751897
Category : Capital gains tax
Languages : en
Pages : 36
Book Description