Reforming Capital Taxation in Italy
IMF Working Papers, January 16, 2014
Source details
- Canonical URL
- Reforming Capital Taxation in Italy
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Bibliographic details
- Authors: Luc Eyraud
- Published: January 16, 2014
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484370728.001
Summary
- Reviews capital taxation in Italy using a comprehensive definition encompassing taxes on income, transactions, and ownership.
- Discusses options to enhance the neutrality of the capital income tax system.
- Provides a detailed analysis of the property tax, the inheritance tax, and various transaction taxes.
- Examines the case for replacing the set of existing taxes on financial and real assets with a single net wealth tax.
Major analytical themes and scope
- Capital income tax neutrality:
- Discusses options to enhance the neutrality of the capital income tax system.
- Property taxation:
- Detailed analysis of the property tax.
- Inheritance taxation:
- Detailed analysis of the inheritance tax.
- Transaction taxes:
- Detailed analysis of various transaction taxes (registration tax, registry tax, land registry tax, transactions tax).
- Wealth taxation:
- Examination of replacing existing taxes on financial and real assets with a single net wealth tax.
- Broader context:
- Treats capital taxation broadly to include income, transaction, and ownership taxes.
Policy-relevant topics covered
- Alternatives to current capital income tax arrangements aimed at improving neutrality.
- Assessment of property tax design and administration.
- Assessment of inheritance tax design and administration.
- Evaluation of transaction tax structures and efficiency.
- Consideration of a single net wealth tax as a replacement for multiple taxes on assets.
Content in this bundle
- Reforming Capital Taxation in Italy; by Luc Eyraud; IMF Working Paper No. 14/6; January 2014