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How much has the tax system changed? Stocktaking at a MEF seminar with Padoan and Casero

Rome, February 21st, 2018 - Lowering the tax burden for 32 billion, new investments for € 10,4 billion, with an impact on employment that exceeds 75 thousand new jobs thank to the number of large investments rulings file by companies to Revenue Agency, stimulating tax compliance via communication, introduction and implementation of the pre-filled tax return, mandatory electronic invoicing to the public administration extended as from 2019 to the entire private sector, improvement of digital tools and online services to improve the relationship with taxpayers. These are all different components of the reform of the Italian tax system of this legislature.

The topic was discussed at a seminar at the Italian Ministry of Economy and Finance with the participation of Minister Pier Carlo Padoan, Vice Minister Luigi Casero and the Director of the OECD Centre for Fiscal policy, Pascal Saint-Amans.
The day marked also the start of the public consultation on a package of transfer pricing measures an issue particularly important for businesses, lasting for 30 days.

Minister Padoan underlined the efforts of “all the components of the tax administration, the Finance Department, the Financial Police, the Revenue and Customs Agencies, the Collection Agency, SOGEI and SOSE. They work together efficiently and since November 2016, a task force to coordinate their work was set up. The Minister also mentioned that shortly will be issued the Ministerial Decree that will allow the Revenue and Customs Agencies to target their selection process for managers and hire highly-skilled personnel. In those years "the sustainable reduction of the of the tax burden has provided results and it is important that this strategy can continue, following the same criteria of realism and sustainability".

Pascal Saint-Amans acknowledged that Italy is on the right path of tax reform. “ Now doing business in Italy is easier and this also means paying the fair share of taxes”.

Vice Minister Casero focused on the transfer pricing measures, an necessary step to continue towards "a modern and competitive system, that attracts investments”. It is also fundamental, concluded Casero, to ensure the implementation of the reforms at the local level. For this reason, we have planned an intense training activity.

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