Franco, organic tax reform, I don't change taxes one at a time

(ANSA) - ROME, JULY 22 - The tax system "needs a broad and organic reform", "it is not a good idea to change the tax one at a time". This was stated by the Minister of Economy, Daniele Franco, in a hearing with the Finance Commissions. "The fundamental pillars of the system, the progressive personal income tax, and the added value tax remain valid, but need a profound renewal of their characteristics and their functioning," he added. or many tweaks and revisions, which have changed the original structure, the maintenance of IRAP "no longer appears justified, there is a need for simplification". and commissions suggest to redefine "the rules for simplifying" VAT and "a possible reduction of the ordinary tax rate: I would say that the simplification and above all the increase in the efficiency of the tax through the reduction of evasion and avoidance can also suggest to broaden this perspective, not excluding that the delegated legislator can act on the level of reduced rates and the distribution of tax bases between the different rates, interventions that can also take place with the same VAT revenue ". (ANSA).interventions that can also take place at the same rate of VAT ". (ANSA).interventions that can also take place at the same rate of VAT ". (ANSA).