There Autonomous Federation of Italian Bankers (Fabi) presented a proposal that could allow the tax cut of at least 50 billion euros. With the creation of ad hoc real estate funds through banks, with the aim of attracting private resources, “the whole galaxy of state bricks” could become profitable. That is, public real estate, which alone is worth almost 300 billion euros. Too bad that today many of these structures are in a state of disrepair. total abandonment or used only sporadically.
State-owned real estate can help cut taxes
The idea, launched by Carlo Messina, CEO of Intesa Sanpaolo, and relaunched by Fabi, is to allow investors to improve public assets and facilitate the purchase of the state property. An operation that could bring about 50 billion euros, almost two, to the state coffers laws financial. This would double the funds earmarked for tax breaks for incomes below 35,000 euros. Or partially cut the debt publicwhich has already reached 2,750 billion euros.
The starting point would be the 1,640 billion euros that are, without income, in the current accounts of Italian families. A good percentage of these savings could go into special funds real summer to manage the state brick. With the double advantage of increasing the heritage public and put the money still in the bank to good use savers. In short, benefits for the community and the country.
As treasure resulting from the sale of properties owned by local governments, more could be insured purchasing power to families, finding resources to renew expired collective labor agreements that affect up to 8 million male and female workers, and cut the wedge tax, reducing taxes on wages, i.e. personal income tax. Also relaunching the economy, since an increase in disposable income also increases consumption.
Where is the state real estate treasury of 300 billion
To date, they are in the Public Administration's real estate portfolio as well 779 thousand propertiesfor. Almost half is attributable to Common. 52% of them are located at five regions: Lombardy, Lazio, Emilia Romagna, Veneto and Tuscany.
- In Lombardy It is located 16.2% of Italian public assets worth more than 48 billion euros.
- At the Latium 11.7% of Italian public real estate assets, worth more than 34.7 billion euros, are located.
- In Emily Romagna 9.1% of Italian public real estate assets worth more than 27 billion euros are located.
- In Veneto there are 8.6% of Italian public real estate assets worth more than €25.6 billion.
- In tuscany there are 8.3% of Italian public real estate assets worth more than €24.5 billion.
- In Campania 7.9% of Italian public real estate is located, worth more than 23.5 billion euros.
- In piedmont 7.1% of Italian public real estate assets worth nearly €21 billion are located.
- In Sicilia there are 5% of Italian public real estate assets worth more than €14.7 billion.
- In Apulia 4.5% of Italian public real estate is located, worth more than 13.2 billion euros.
- In Liguria there are 3.3% of Italian public real estate assets worth more than 9.6 billion euros.
- In Brands there are 2.8% of Italian public real estate assets worth more than 8.27 billion euros.
- In Sardinia there are 2.8% of Italian public real estate assets worth more than 8.22 billion euros.
- In the autonomous province of trento 2.4% of Italian public real estate is located, worth more than 7.16 billion euros.
- In Friuli Venezia Giulia there are 2.4% of Italian public real estate assets worth more than 7.14 billion euros.
- In Calabria there are 2.1% of Italian public real estate assets worth more than 6.1 billion euros.
- In Abruzzo there are 1.8% of Italian public real estate assets worth more than €5.2 billion.
- In umbria there are 1.3% of Italian public real estate assets worth more than 3.9 billion euros.
- In Basilicata there is 0.9% of Italian public real estate assets worth more than €2.8 billion.
- In the autonomous province of bozen there is 0.8% of Italian public real estate assets worth more than 2.2 billion euros.
- In OK of Aosta there is 0.7% of Italian public real estate assets worth more than €2.15 billion.
- In Molysis there is 0.4% of Italian public real estate assets worth more than €1.2bn.
In total on national soil there are properties for 296,9 billion of euros. From the sale of a small part of this heritage – we are talking, as we have already mentioned, of unused or abandoned structures – the State could obtain at least 50 billion euros. Which can also be used to stop the price increases we've talked about here.
Or they can be useful to cut taxes, as Mario Draghi has already promised here for 2022. And stay tuned for the dates. Many taxes are paid in June: here they are.