Reforming Capital Taxation in Italy

Author/Editor: Luc Eyraud
Publication Date: January 16, 2014
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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.
Series: Working Paper No. 14/6
Subject(s): Taxation | Italy | Capital | Income taxes | Income distribution | Tax reforms | Tax systems

Publication Date: January 16, 2014
ISBN/ISSN: 9781484370728/1018-5941 Format: Paper
Stock No: WPIEA2014006 Pages: 25
US$18.00 (Academic Rate:
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