Shift the tax burden from work to assets, reduce pensions for the highest earners, consolidate public accounts, paying particular attention to debt.
These are some of the recommendations that the OECD sends to Italy in the latest report dedicated to our country.
''Shifting taxation from labor to inheritances and real estate would make the tax mix more favorable to growth, while allowing for an increase in revenue, writes the organization which underlines how it is also necessary to "firmly combat tax evasion ".
By reducing the generosity of pensions for higher-income families, the increase in spending could also be limited, while maintaining adequate public services and social protection", continues the Parisian body, also highlighting the need to "gradually eliminate the early retirement schemes", as already done with Quota 100.
The report finally points out that in Italy "public debt, as a percentage of GDP, is among the highest in the OECD.
With strong budget pressures on the horizon, tax and spending reforms are needed to help put debt on a more prudent path.
In the absence of policy changes, the debt/GDP ratio will increase", warns the organization, adding that "to bring the debt/GDP ratio back to a more prudent path, support future costs and comply with European fiscal rules, it will be necessary a lasting fiscal adjustment".
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