Sabato, 20 Ottobre 2018

Italian govt wants to introduce wealth tax, says Monti


Milan, November 12 - The Italian government wants
to introduce a wealth tax but it will have to take care to do so
in a way that does not cause large amounts of capital to leave
the country, Premier Mario Monti said Monday.
"We'd like to introduce a general tax on wealth, but as we
don't have the instruments (at the moment), we don't want to
contribute to capital going away," Monti said.
"It won't be introduced overnight. There are steps that we
are taking".
Monti has been criticised by many for hitting the poor, and
working and middle classes too hard with his emergency
technocrat government's austerity measures and not making the
wealthier groups of society pay more.
A wealth tax is a levy on the value of what a person owns,
such as property, shares and savings, rather than on their
income from labour or capital gains.
"I'm not against a wealth tax but it will depend on how it
works and how it will be used - either as a fiscal instrument or
as a one-off measure," he added.
"I don't want this to be considered too dramatic. Wealth
taxes exist in some extremely capitalist countries".

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