“In terms of policies tax, in recent years the reference to the ‘tax shifting’ paradigm has become widespread, which consists in hypothesizing (or implementing) a transfer of taxation from production factors to real estate assets. Both the OECD and the European Commission recommend, almost annually, such interventions to member countries, although the belief that this shift in the tax burden has beneficial effects on the economy and growth appears more theoretical than based on actual findings of cause and effect. On the other hand, the complexity of the dynamics relating to the development (or recessions) of national economies probably does not allow for exhaustive analyzes on the topic, beyond the tetragonality of some statements”.
Do we translate for us of the people? Here it is: the theory according to which the real estate taxes they would be good for growth is a hoax. Who wrote this text? The Confconstruction, to defend the rights of homeowners? No, the Revenue Agency in one of its scientific journals, Territorio Italia, in an issue published in the very days in which the professor Elsa ForneroMinister of Labor in the Monti Government – the one that tripled property taxation on property – proposed su The print none other than… a property balance sheet with an article significantly titled “Why the balance sheet serves growth”.
In fact, just a few months ago – in its report “Economic Policy Reforms 2023: Going for Growth” – the OECD wrote as follows: “Tax systems could also be made more growth- and equity-friendly, by shifting the tax burden towards immovable property, broadening the tax base, and reducing the fragmentation of the tax system”. That is to say: Tax systems could also be made more favorable to growth and to theequityshifting the tax burden towards real estate, broadening the tax base and reducing fragmentation.
But we are confident, gutta cavat lapidem. The chant of taxes on properties conducive to growth, repeated a thousand times and therefore presented as truth (not only by the OECD and the EU, also by the IMF), is even dismantled by the Revenue Agency. Is the hour of recovery approaching? Maybe. In the meantime, Italians continue to pay their property taxes every year monsters on the brick.
TheVermilion.com is also on Whatsapp. Simply click here to subscribe to the channel and always be updated (free).