Inheritance tax provided the state with revenue of 305 million in 1922– 1923. When De Stefani's law exempted 65 percent of inheritance from taxation, the revenue went down to 72 million by 1925– 1926 (La Francesca 1972, 10). With the new law, only transfers outside the family (defi ned as “ascendants, descendants, spouses, siblings, uncles/aunts, nephews/nieces”) were taxed (Gabbuti 2020a, 16). Pantaleoni prepared the study of inheritance tax for De Stefani that reached the following conclusion: “it is desirable to arrive by degrees to the abolishment of inheritance tax” [è perciò opportuno arrivare per gradi alla soppressione totale della imposta successoria] (see Ricci 1939, 94).

Clara E. Mattei, The Capital Order, loc. 1708