IMF Working Papers

Reforming Capital Taxation in Italy

By Luc Eyraud

January 16, 2014

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Format: Chicago

Luc Eyraud. Reforming Capital Taxation in Italy, (USA: International Monetary Fund, 2014) accessed September 19, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Capital income tax, Income, Inheritance tax, National accounts, Property tax, Taxes, Transaction tax, Wealth tax

Keywords: Benefit tax financing local government service, Capital gain, Capital income, Capital income tax, Capital tax, Capital taxation, Europe, Income, Inheritance tax, Land registry tax, Local government service, Property tax, Property taxation framework, Rate of return decline, Redistribution, Registration tax, Registry tax, Tax administration, Tax arrangement, Tax efficiency, Tax shield, Tax treatment, Transaction tax, Transactions tax, Wealth, WP

Publication Details

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2014/006

  • Stock No:

    WPIEA2014006

  • ISBN:

    9781484370728

  • ISSN:

    1018-5941