In the first part of the paper we present and discuss the new legislation, on both local taxes and the Internal Stability Pact, enacted in Italy between September 2006 and December 2007. The most important aspects concern: the “thawing” of the income surtax levied by local government; the...

Our efforts of adjusting the political, economic, social and legislative systems emerged into a buoyant and dynamic economic environment after 2000.