OECD’s suggestion to Italy for a property

Concentrated wealth upward: a capital reduces inequality
OECD’s suggestion to Italy for a property
12 April 20:00 2018 Print This Article

Italy is one of the countries where, after the economic crisis of the last decade, social inequality has increased and where the concentration of wealth up has become more evident. The OECD writes in the report ‘The Role and Design of net wealth taxes’. In the same text it is also emphasized that one of the ways to reduce the wealth gaps faster is the imposition of the property tax.

To better clarify the meaning of the suggestion offered to Italy, the OECD examines the use of the assets in the member countries. The results, he says, indicate the need to adopt “a tax on net wealth” is minimal in countries where taxes on income and personal capital are applied on a large scale, including taxes on capital gains, and where inheritance taxes are well drawn. On the contrary, it could work and be useful where inheritance tax does not exist and where income taxes are particularly low.

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Nicole Volpe
Nicole Volpe

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