BUZZNET LOVE

I read gladly the blog because it speaks of many interesting matters.It explain us the problems of our society or those of the ecology and of the environment!

26 February 2007

Nostradamus’s taxes

A Sunday question. Perhaps someone will reply. Why should companies pay taxes in Italy? An entrepreneur opens a company. He manages to make a profit. He’s so honest that he doesn’t run away, dodge taxes or do corruption. He declares the lot.
The State, to reward him, taxes him immediately double.
In fact if the company has made a profit, the State has the maximum trust that next year it will do the same.
This trust in the ability of the taxpayer is translated into an advance on the taxation.
Almost equal to the value of the current year, a presumed income in advance. The income is hypothetical but the taxes are real.
The money from the presumed income is taken away from the investments in the company. From employment, technology, machinery. And above all it’s presumed. Why do you have to pay on the presumption of future income? They are Nostradamus’s taxes. And for the companies that have recently been created, if they make profits in the first few years, it can be such a heavy burden that they have to close. Thus it’s better to make a loss.
Only a saint or a madman can declare all the profits with this hellish mechanism. The State wants money. More money.
It wants cash. Always more cash. But it takes it from the honest taxpayers. Not from the tax dodgers. Too difficult. It’s better to send a request asking for a payment of 20 Euro in taxes plus penalties (yes it does happen) – than to attack the tax dodgers.
At this point the State could insist on a presumed advance of taxation on every income. On inheritance, for example. In the year following the first, another relative could die. On the lottery winnings. On scratch cards.
If Padoa Schioppa reads this post, I’m sure he’ll do it.

*****************************************

Let's live in a world full of problems, all to be resolved!