Reforming Capital Taxation in Italy
January 16, 2014
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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
Pages:
25
Volume:
2014
DOI:
Issue:
006
Series:
Working Paper No. 2014/006
Stock No:
WPIEA2014006
ISBN:
9781484370728
ISSN:
1018-5941
