Tax wedge, union-Confindustria convergence to fight inflation

Tax wedge union Confindustria convergence to fight inflation

(Finance) – According to the calculations of the Sole 24 Ore the real tax and contribution wedge in the private sector it is equal to 60%, and is much higher than the OECD figure which stood at 46.5% in 2021 (referring to the average salary of a single worker), however among the highest in industrialized countries. In this report, the contribution wedge is higher because it weighs 33% while the tax wedge is 26%. The economic head has in fact calculated that in the face of 300 billion in gross wages paid on average each year in the private sector, the state collects about 100 billion in social security contributions And 80 billion from Irpef for a total of 180 billion euros to be paid by employers and workers.

The reduction of the tax wedge is at the top of the agenda of requests by the social partners to be presented to the Government to give new force to wages compressed byinflation. A convergence between CISL, UIL and Confindustria has emerged in recent weeks on the dossier. An opening came from the Government from the Minister of Economic Development, Giancarlo Giorgettiwho observed how “Italy is among the countries with the lowest wages also because the state takes home a large part of the gross salary of workers”, indicating the way to guarantee the purchasing power which is the priority “.

For the leader of the CGIL, Maurizio Landini, the priority is to increase the net paycheck for workers and retirees, with a cut of the wedge, however, all to the benefit of workers, and through the renewals of national collective agreements. A need also shared by the other union leaders, Luigi Sbarra and Pierpaolo Bombardieri.

The president of Confindustria, Carlo Bonomihas already proposed one reduction structural of the tax-contributory wedge of 16 billion euros, to the benefit of two thirds of workers and one third of companies which would lead to income of up to 35 thousand euros a benefit of 1,223 euros. In practice, they would have an extra month, financed in part by the 38 billion of extra tax revenue for 2022 indicated in the Def and in part by the reorganization of 1.6% of the approximately one thousand billion of public spending.

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