01957cas a2200253 a 4500 AALejournalIMF016216 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513529226 1018-5941 BD-DhAAL BD-DhAAL Cammeraat, Emile. Toward a Comprehensive Tax Reform for Italy / Emile Cammeraat, Ernesto Crivelli. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper evaluates elements of a comprehensive reform of the Italian tax system. Reform options are guided by the principles of reducing complexity, broadening the tax base, and lowering marginal tax rates, especially the tax burden on labor income. The revenue and distributional implications of personal income and property tax reforms are assessed with EUROMOD, while a microsimulation model is developed to evaluate VAT reform options. Simulations suggest that a substantial reduction in the tax burden on labor income can be obtained with a revenue-neutral base-broadening reform that streamlines tax expenditures and updates the property valuation system. In addition, a comprehensive reform would benefit low- and middle-income households the most, by lowering significantly their overall current tax liability, which results in increased progressivity of the tax system. Mode of access: Internet Crivelli, Ernesto. IMF Working Papers; Working Paper ; No. 2020/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/037/001.2020.issue-037-en.xml IMF e-Library