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Arcuri, Merlino and the award-winning couple Draghi & Giavazzi

3 years ago babelfish

Arcuri, Merlino and the award-winning couple Draghi & Giavazzi

Facts, names, numbers, curiosities and controversies. The tweets of Michele Arnese, director of Start, not only on Arcuri, Merlino, Draghi and Giavazzi

GENTILONI SCRAP HAPPY COUNT

2 PHOTOS, 2 STYLES

BONACCINI AGENDA

ARCURITE

THE AWARD WINNING COUPLE OF DRAGHI & GIAVAZZI

DOCTORS & VACCINATIONS

VACCINES AT THE BAR

ALL CRAZY ABOUT SPUTNIK?

QUISQUILIE & PINZILLACCHERE

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EXTRACT FROM THE ARTICLE FROM THE DAILY FACT ABOUT DRAGHI AND GIAVAZZI:

Even the good ones sometimes copy. In this case, in the part on the Tax Authorities of Mario Draghi's programmatic speech , the copying is more precisely a copy-paste of an article by Francesco Giavazzi, Bocconi flag, columnist for Corriere della Sera, liberal-liberal who for years has argued that economy is restarted by reducing taxes. To discover the coincidence between the two texts was Carlo Clericetti, a competent economic journalist, who today curates the blog Soldi e Potere on the Repubblica website (which however does not seem to have given prominence to this news). The article by the Bocconi professor dates back to 30 June 2020 and is entitled "The necessary steps on the tax authorities" with the prospect of a reform of the system.

Giavazzi wrote: “This observation has two consequences. First of all, it is not a good idea to change taxes one at a time ”.

Draghi says : “We must not forget that the tax system is a complex mechanism, the parts of which are linked to each other. It is not a good idea to change taxes one at a time ”.

Giavazzi wrote : "The second lesson is that tax reforms should be entrusted to experts, people who know well what can happen if a tax is changed".

Draghi says : "Furthermore, the experiences of other countries show that tax reforms should be entrusted to experts, who know well what can happen if a tax is changed".

Giavazzi wrote : “Denmark, in 2008, appointed a commission of experts in tax matters. The Commission met the political parties and the social partners and after a year presented its report to Parliament in a session broadcast live on TV. The Commission's project envisaged a significant cut in the tax burden equal to 2 points of GDP. The maximum marginal rate of income tax was reduced by 5.5 percentage points, while the exemption threshold was raised ”.

Draghi says : “For example, Denmark, in 2008, appointed a commission of experts in tax matters. The Commission met with political parties and social partners and only then presented its report to Parliament. The project provided for a cut in the tax burden equal to 2 points of GDP. The maximum marginal rate of income tax was reduced, while the exemption threshold was raised ”. Draghi omits the amount of the reduction, which is actually very high.

Giavazzi wrote : "A similar method was followed in Italy at the beginning of the 1970s when the government entrusted a commission of experts, including Bruno Visentini and Cesare Cosciani, with the task of redesigning our tax system, which it had been more modified since the Vanoni reform of 1951. The introduction of the personal income tax (Irpef) and of the withholding tax for employee income is due to that commission. A tax reform marks a decisive step in every country. It indicates priorities, it gives certainties, it offers opportunities, it is the cornerstone of budgetary policy ”.

Draghi says : "A similar method was followed in Italy at the beginning of the seventies of the last century when the government entrusted a commission of experts, including Bruno Visentini and Cesare Cosciani, with the task of redesigning our tax system, which it had been more modified since the Vanoni reform of 1951. The introduction of the personal income tax and the withholding tax for employees' income is due to that commission. A tax reform marks a decisive step in every country. It indicates priorities, it gives certainties, it offers opportunities, it is the cornerstone of budgetary policy ”.

The copying is striking and, even if it may be understandable to retrieve ideas from highly esteemed scholars, why not declare it publicly? And above all, why paste entire paragraphs?

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EXTRACT FROM THE INTERVIEW OF THE PRESS TO THE COMMISSIONER GENTILONI:

Is this the “Draghi effect” for the EU Commission?

“The Draghi Effect matters a lot. And the action of his government, which goes exactly in this direction, is fundamental because it recreates trust in the country and helps to overcome any resistance from other member states on the reform mechanisms of the Pact. This is a very important factor in Brussels, but if you allow me it is also in Rome ».

Did you no longer trust the Conte government?

"The Draghi government is strongly Atlanticist and pro-European, within a strengthened EU …".

It means that the one before was not.

“It was. Let's say that with the previous government we had some serious crushes. After the inauguration of Draghi and his programmatic speech, the new government now has what it takes not only to be accepted, but also to assert itself in Europe. It's a big difference. "

Speaking of the Recovery Plan, at the end of December you had raised a serious alarm about Italian delays. Are you still worried or are Draghi and Franco enough to make you feel more peaceful here too?

“With the corrections and additions made to Recovery in recent weeks we already have a good basis, consistent with EU priorities. But there are still many steps to be taken, both on reform commitments and on implementation procedures. Time is running out, but even in this case the Draghi government has the right profile and an adequate parliamentary base to make these further efforts ».

With Conte there were also disagreements on the task force for the management of the Plan. Draghi entrusts everything to the Mef: is it okay?

«The choice of the Mef is rational and facilitates the work of Brussels. Starting this week, we will resume technical contacts with Rome: we expect more and more advanced versions of the Plan. We take into account that no country has yet presented definitive versions, and that Italy is one of the 20 member states out of 27 that have proposed provisional drafts ».

But when will you write off the first check, on account of the 209 billion we owe?

«The road map is always the same: approve the plans and then go to the markets to guarantee, before the summer break, the financing of 13% of the total funds and the disbursement of the first tranche. It will be a tough commitment, but it's worth it from all points of view. After the starter of the Sure fund on the Social Bond front, with the Next Generation we will become the main issuer of Green Bonds. Thanks to Europe, the financial markets are also changing ».

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/arcuri-merlino-e-la-premiata-coppia-draghi-giavazzi/ on Mon, 22 Feb 2021 07:23:10 +0000.