Monday, 4 February 2013

Silvio Berlusconi and the shock proposal to make Swiss bankers fund Italian property tax reimbursement

Sunday, February 3, 2013. “Even imbeciles are able to invent new taxes” says Silvio Berlusconi, explaining that he is an intelligent one who will make the Swiss pay for it.

Silvio Berlusconi had a vision: in the first meeting of the new ministers' cabinet – where the newly elected Silvio will play the role of the Economy and Finance Minister – there will be decided the scrapping of the unpopular property tax called IMU, and the reimbursement of the tax the Italians paid during 2012 (the media tycoon called it a «shock proposal», his rival Gianfranco Fini, the chair of the house of representatives, has another idea, he replied on Twitter that in his second cabinet meeting, Berlusconi would «decree that everybody wins the lottery»).

Berlusconi with a handful of promises
Promises, promises!
How? In a previous attempt to convince the Italians how he would abolish the propriety tax (when the former prime minister faced his long-term enemy Michele Santoro on his TV show) Silvio Berlusconi declared he would raise new taxes on tobaccos, spirits and gambling.

Then the ex-premier of Italy realised that he needs to be (even) smarter. «Even imbeciles are able to invent news taxes», declared the billionaire to his supporters yesterday, on a speech in Milan, then he pledged to convince the Swiss banks to help him to tax Italian assets and activities in Switzerland. Not only they have to pay a one off tribute of 25 billion euro (about £21.7bn or $33.9bn), but – in Silvio's mind – they will be keeping on paying €5bn every year.

Doesn't it sound as a tax, Silvio? Are you an imbecile?

Anyhow, the problem isn't exactly there - someone would argue – but in the fact that nobody ever convinced the Swiss bankers to do so

Never mind, thinks Silvio, they (the new government made up by the People of Liberty party and friends) will do it, they will convince them.

And in the meanwhile, they take – as a loan – the money from the postal savings system (CDP).

Simple, isn't it?