Unfair taxes in Italy
After leaving Goldman Sachs, Monti was president at the Bocconi University. Since joining the political space, Monti has had serious problems with regards to “fixing” the Italian economy. People just don’t want austerity, and at the same time increased taxes. IN Italy, it simply doesn’t work. Would you pay, if you felt you are totally pushed into the corner? From Bloomberg.
“I didn’t pay it,” Di Pardo, 75, said of the levy that was the centerpiece of Monti’s austerity budget. “I get that we are on the edge of failure and disaster, but you can’t keep taking from ordinary people.”
“It’s not a huge amount,” said Dario Castiglia, chief executive officer of real estate broker RE/MAX Italia, which has about 200 agencies in Italy. “It’s just that Italians were used to not having any taxes for three years, and also it’s hitting home right when we’re in the middle of perhaps one of the worst recessions in decades.”
Home sales fell the most in eight years in the first quarter. Italy’s economic growth has lagged the euro-area average for more than a decade and will contract 1.4 percent this year, according to a forecast by the European Commission.
Di Pardo, the Milan lawyer, faces a second IMU instalment of at least 500 euros on his Milan home later this year and said he may eventually pay his full dues, with the required late fees. Still, he has a message for Monti.
“I’m not convinced I’ll pay,” Di Pardo said. “I want to do what I can against this unfair tax.”
Full article here.