Historically, tax systems evolve following the evolution of taxable bases (actual and potential). In other words, governments over the centuries and millennia used to “follow the money” (and still do) Thus, the levies moved from the products of agriculture and sheep farming to land taxation, real estate, trade (duties), excise taxes, taxes on the value […]
About Vincenzo Visco
Vincenzo Visco is Professor Emeritus of Public Finance, University of Rome La Sapenza. He is also an MP in Italy and a former minister of finance and the treasury.