Reforming Capital Taxation in Italy

Luc Eyraud

No 2014/006, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; capital gain; tax administration; capital income; transactions tax; registration tax; Capital taxation; tax efficiency; redistribution; wealth; property taxation framework; capital tax; rate of return decline; land registry tax; tax shield; benefit tax financing local government service; registry tax; tax treatment; tax arrangement; local government service; Property tax; Transaction tax; Capital income tax; Inheritance tax; Income; Europe (search for similar items in EconPapers)
Pages: 25
Date: 2014-01-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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