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Patuelli (Abi): unfair account holders taxed as speculators

Florence, 15 Oct. (askanews) – “We need to tax stable savings less. Savings are taxed at the same rate, both very short-term speculative savings and savings held in the safe, those who keep them stable. It seems to me to be an injustice, also from a constitutional perspective”. This was stated by Antonio Patuelli, president of ABI, on the sidelines of a conference in Florence on the figure of Luigi Einaudi.

"Article 47 - continued Patuelli - protects savings, it is not written that it protects speculators and savers equally. Then, when there is controversy over the yields of current accounts, the controversy should be updated by looking at a tax of a patrimonial nature that weighs on current accounts: it is called stamp duty. The stamp duty subtracts yield from the account. And it is not a banking cost, it is a tax of a treasury nature, on patrimonial. I think that we can also think about this. But above all - concluded Patuelli - we must encourage the stability of savings, which provides the possibility of loans for medium and long-term investments".