Comments on: Italian mega-tax would be game-changer http://blogs.reuters.com/breakingviews/2011/09/13/italian-mega-tax-would-be-game-changer/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Acetracy http://blogs.reuters.com/breakingviews/2011/09/13/italian-mega-tax-would-be-game-changer/comment-page-1/#comment-8489 Acetracy Thu, 15 Sep 2011 10:58:58 +0000 http://blogs.reuters.com/columns/?p=6955#comment-8489 A 2% wealth tax on the persons, families,corporations, trusts, foundations with net worth over $10 million is exactly what ALL these countries need, especially the USA. Let's be honest. The world's upper 1% keeps nearly 1/3 of their wealth off-shore, untaxed - it is the greatest free ride in modern history. While VAT of 15% or higher is typical in Europe, and in the USA 8% sales tax and higher is quite common, it is obvious that middle and low income workers continually face double taxation and basically support the governments. If only Obama, Geitner, Schumer or Pelosi would have the guts to say exactly what Profumo is saying. A 2% wealth tax on the persons, families,corporations, trusts, foundations with net worth over $10 million is exactly what ALL these countries need, especially the USA.

Let’s be honest. The world’s upper 1% keeps nearly 1/3 of their wealth off-shore, untaxed – it is the greatest free ride in modern history. While VAT of 15% or higher is typical in Europe, and in the USA 8% sales tax and higher is quite common, it is obvious that middle and low income workers continually face double taxation and basically support the governments.

If only Obama, Geitner, Schumer or Pelosi would have the guts to say exactly what Profumo is saying.

]]> By: Stephanenko http://blogs.reuters.com/breakingviews/2011/09/13/italian-mega-tax-would-be-game-changer/comment-page-1/#comment-8486 Stephanenko Wed, 14 Sep 2011 21:11:48 +0000 http://blogs.reuters.com/columns/?p=6955#comment-8486 Yes,Italians are rich because they are savers and don't pay all taxes.Most of the wealth,the big one,is abroad,in very secretive countries and banks,or in ghost companies.Profumo knows very well this,so he's already a typical Italian politician:snake oil seller. He lost billions of Euros in foreign operations of Unicredit: Austria,Germany,Poland. Nobody trust in him. Change Berlusconi with Profumo is like change a snake with another. No,thanks.We don't need more illusions.We had enough. Yes,Italians are rich because they are savers and don’t pay all taxes.Most of the wealth,the big one,is abroad,in very secretive countries and banks,or in ghost companies.Profumo knows very well this,so he’s already a typical Italian politician:snake oil seller. He lost billions of Euros in foreign operations of Unicredit: Austria,Germany,Poland. Nobody trust in him. Change Berlusconi with Profumo is like change a snake with another.
No,thanks.We don’t need more illusions.We had enough.

]]> By: pavlaki http://blogs.reuters.com/breakingviews/2011/09/13/italian-mega-tax-would-be-game-changer/comment-page-1/#comment-8480 pavlaki Wed, 14 Sep 2011 08:37:35 +0000 http://blogs.reuters.com/columns/?p=6955#comment-8480 It would reduce the debt and calm things down - for now. If you have a public sector that drains money from the system and it is left unchanged then it is only a problem postponed. Italy, Greece, Portugal and Ireland still have too large and vastly overpaid public sectors. That needs to change and only then will there be the confidence to lend them money. It would reduce the debt and calm things down – for now. If you have a public sector that drains money from the system and it is left unchanged then it is only a problem postponed. Italy, Greece, Portugal and Ireland still have too large and vastly overpaid public sectors. That needs to change and only then will there be the confidence to lend them money.

]]>