Markets: Stazi calls for tax incentives modelled on the Swedish system to attract savers

Mechanisms that are clear and accessible to the public

(Il Sole 24 Ore Radiocor) -

“Measures that encourage ‘greater participation by businesses and savers in the financial markets through tax incentives’ deserve attention.” This was emphasised by the Chairman of Consob, Guido Stazi, as he opened the meeting on corporate governance organised by Assonime, the Italian Committee for Corporate Governance and Consob, drawing on the experiences of other countries – particularly in Northern Europe – which “have sought to simplify the relationship between saving and long-term investment through tax mechanisms that are clear and easily accessible to the public”.

In this regard, Stazi cited the Swedish model as “an experience from which concrete lessons can be learnt”: “Its strength lies in having built, over a period of time that is not

"In short, not a single measure, but a coherent and integrated system in which the supply and demand for capital feed into one another, and in which incentives for saving, simple instruments for participation and pension provision, and financial literacy are strengthened, thereby consolidating the link between household wealth and the markets, and channelling investment into the real economy."