A tax system with less evasion and lower rates would be conducive to firms’ decision to scale up and to accept contributions of new equity capital. As we have seen on several occasions, the North-South gap in Italy depends largely on national policies and their application at local level. We can regard the possibility of a reform drive with fair confidence.
Italy possesses abundant resources, has many companies, entrepreneurial ability and a hardworking and thrifty people. It is a matter of freeing the spirit of entrepreneurs and individuals from many constraints. This has already begun, but bolder reform measures would improve the expectations of firms and households and would give a boost to growth.