The association representing
Italy's largest employers urged parliamentarians Thursday to
simplify the "opaque" tax system so as to help kickstart
recovery from recession.
The fiscal system on the peninsula is still "heavy and
unclear (and) discourages investment and internationalisation,"
Andrea Bolla, president of Confindustria's taxation committee,
told members of the Senate finance committee.
"In this difficult economic phase, as the premier has said
recently, firms that export and internationalise themselves
offer a chance for recovery that can involve the whole country,"
said Bolla.
"We can't waste this, hindering with vague norms that offer
facile but arbitrary solutions fuelling expensive litigation
with increasingly uncertain outcome," he added.
Bolla warned that firms are also hampered by taxation on
company real estate which is "unsustainable" in terms of cost
and complexity.
"Fiscal competition must be made up primarily of simple
rules - a tax regime that does not take this into account scares
off companies from investing in Italy and reduces worth that can
generate income".
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