Friday, November 18, 2011
Burlusconi got elected before by getting rid of it.
Data chief says Italy risks recession, recommends property tax
Much of Italian wealth is invested "in homes, properties, offices, and since it's in real estate, it's a little frozen", Giovannini said. "How do you get this wealth to produce income and growth? The first hypothesis is a property tax, not a one-off tax, but a permanent one." While some of the parties supporting Monti's government in parliament have backed re-introducing a property tax, Berlusconi's People of Freedom bloc has opposed it.
Posted by ontheotherhand @ 02:40 PM (832 views)
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mark wadsworth says:
Yeah! Go Monti!
Of course, the fact he is a Goldman Sachs EU imposed technocrat will merely serve to bring land value taxes into disrepute, but hey, if it works, it works.