Italy - Fiscal Policy
DISCLAIMER: I may have forgotten that there was a word limit until I was on part 3 of the assignment. Give two specific examples of fiscal policies implemented or discussed in your country in the past five years. Italy and the EU agreed on a stability program where Italy will receive a certain influx of money that they will be able to use in order to increase the country's GDP and decrease debt. They do this by planning on increasing public investments, and making reforms to the tax system. Italy adopted a fiscal Consolidation package in 2011. This idea implemented tax reforms meant to increase consumption in the economy as well as increase in property tax. These reforms ultimately reduce the taxes on capital and labor to increase taxes towards consumption (by raising indirect taxes) and property. Explain one argument for and one argument against each of the policies, identifying the stakeholders backing each argument. For the stability program, the Italian government would be gai...