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Capital and Business Taxation

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  • Vincenzo Visco

Abstract

The paper examines the debate on tax reform that took place in Italy immediately after world war II and lasted up to the early 70?s, when finally a comprehensive tax reform was approved, with special reference to business and capital income taxation. The leading actor in the debate was Cesare Cosciani who proposed a reform inspired to a comprehensive income tax model integrated by a general, proportional, light wealth tax. Finally a more conservative approach prevailed mainly favored by Bruno Visentini. The paper highlights that most of the problems of the Italian tax system up to the latest decisions (2014) originate from the missed reception of the proposal put forward by Cosciani since 1947. The paper highlights, moreover, the difficulty of keeping together the recommendations of good economic theory and the interests underlying actual political decisions on tax matters.

Suggested Citation

  • Vincenzo Visco, 2014. "Capital and Business Taxation," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2014(3), pages 81-111.
    • Handle: RePEc:fan:epepep:v:html10.3280/ep2014-003005
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    References listed on IDEAS

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    1. (IFS), Institute for Fiscal Studies & Mirrlees, James (ed.), 2011. "Tax By Design: The Mirrlees Review," OUP Catalogue, Oxford University Press, number 9780199553747.
    2. Alworth, Julian & Arachi, Giampaolo & Hamaui, Rony, 2003. ""What's Come to Perfection Perishes*": Adjusting Capital Gains Taxation in Italy," National Tax Journal, National Tax Association;National Tax Journal, vol. 56(1), pages 197-219, March.
    3. Thomas Piketty, 2013. "Le capital au XXIe siècle," PSE-Ecole d'économie de Paris (Postprint) halshs-00979232, HAL.
    4. European Commission, 2001. "Company Taxation in the Internal Market," Taxation Studies 0005, Directorate General Taxation and Customs Union, European Commission.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Riforma tributaria; imposizione sui redditi dicapitale; imposizione sulle imprese;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • N00 - Economic History - - General - - - General

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