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worst services, highest taxes, viva l'italia!
'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
Italian companies are dying like flies while what's being discussed in Rome is how to save the parties and their beneficiaries, starting from the new electoral laws. A tailor-made, off the peg law for a Monti bis. A gentleman that is not putting himself forward as a candidate but who is already the new President of the Council by divine right in spite of democracy. Investing in Italy is no longer sensible, running a company is like a battle with a wind mill. Those running small and medium sized enterprises, the social fabric that holds this tottering country together, are the new Don Quixote that are fighting a battle that seems to be lost before the start. If they go down, the country will go down with them. When there's no longer any direct or indirect tax revenue coming from the small and medium enterprises, the machinery of Italy will stop and the problem will no longer be political or economic but social. How many "soldier blue"s will be needed to maintain public order? Then what will be the point of byzantine discussions about elections, the majority premiums, the little premiums, primaries done by Mr Nothings and sold like tubs of washing powder by media propaganda? Here Italy is going up in flames and the new Neros are playing the fiddle.The company Price Waterhouse Coopers has published a classification of SMEs in different States based on three indices: the number of tax obligations, the time needed to calculate and manage taxes and the tax burden. Italy is at position 131 in the world. It's more worthwhile to start a company in Barbados (121), in Bielorussia (129), in Bosnia (128), in Cap Verde (102), in Colombia (99), even in Ethiopia (103) , Guatemala (124), Guyana (118), Iraq (65) , Moldova (109), Namibia (112), Nepal (114), Sierra Leone (117) and Uganda (93). An Italian SME has a tax burden of 68.3% and is subject to 15 taxes that involve 269 hours of work to sort out, which is about 33 working days. We are in the hands of madmen that have been released who state that they have revitalised the country by means of successes like the growth of the public debt, of unemployment, or inflation and of the collapse of production.
In any case, it's not company tax alone. And the former local "professional tax" has been replaced by a new one that, by and large, reduces the amount SMEs pay.
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