IDEAS home Printed from https://ideas.repec.org/a/mul/je8794/doi10.1429-7343y2002i3p403-440.html
   My bibliography  Save this article

Una valutazione d'insieme dei nuovi scenari di tassazione d'impresa

Author

Listed:
  • Salvatore Biasco

Abstract

The paper compares the framework of firms taxation in the new proposed fiscal reform and in the reform implemented only four years ago. As far as incentive for firms to capitalize (embedded in Dual Income Tax, set up in the previous reform) is concerned, the Author claims that it is not overcome by the new reform, which aims at a more uniform fiscal treatment of firms (DIT poduces an array of tax rates). It reappears into both, the new tax regime for dividends (that disincentivates the distribution of profits) and the provisions aimed at penalising thin capitalization. Abolished the Dual Income Tax, it so reappears in a more asystematic and arbitrary way, still in an array of tax rates. If the purpose for change was fiscal neutrality, it could be achieved, either correcting the Dual Income Tax or giving ultimate coherence to the premises of the new proposed legislation. A discussion on the issue of neutrality is carried out. As far as the planned abolition of IRAP tax is concerned (a tax based on incidence of value that factors of production add at the factory level), the Author shows how such a tax melt together three separate and implicit fiscal designs relating to the treatment of profits, labour contributions and interests payments. Those designs could have been kept separate in the previous reform, at the benefit of transparency. The new reform may end up, without having full awareness of it - the Author claims - towards something near to the scission of IRAP according those lines more than towards a thorough suppression of the tax and its correspondent public receipts. In the background of envisaged changes in personal income taxation, the paper compares the likely impact of reform on both, firms subject to corporate tax and on firms taxed on personal income base. Planned provisions for treatment of corporate operations are also examined to arrive last at the over all conclusion that the ratio for a thorough change over of the fiscal system is far from emerging neatly and by all means does not resides in the intent to lower fiscal burden for firms. The latter is more likely to increase than decrease.

Suggested Citation

  • Salvatore Biasco, 2002. "Una valutazione d'insieme dei nuovi scenari di tassazione d'impresa," Politica economica, Società editrice il Mulino, issue 3, pages 403-440.
  • Handle: RePEc:mul:je8794:doi:10.1429/7343:y:2002:i:3:p:403-440
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1429/7343
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.rivisteweb.it/doi/10.1429/7343
    Download Restriction: no

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/7343:y:2002:i:3:p:403-440. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: https://www.rivisteweb.it/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.