(Finance) – Cut of the tax wedge up to 3 points for the lowest incomes, pensions towards 41+62, and from 31 December 2023 interruption of the basic income with a buffer year for employable workers. On the flat tax, the threshold will be raised up to 85 thousand euros for the self-employed while the government is holding back on the “marriage bonus” proposed by the Lega. The elimination of VAT on bread, pasta and milk is still being evaluated by the executive. These i main points of the maneuver discussed in government meeting in the Chamber which was attended by the Prime Minister, Giorgia Melonithe deputy premiers Matteo Salvini and Antonio Tajani, the Minister of Economy, Giancarlo Giorgetti, and that of workMarina Elvira Calderone. L’examination of the budget law and the Euratom directive will start at 20.30 in cabinet summoned to Palazzo Chigi.
The agenda of the Council of Ministers – according to what Palazzo Chigi reports – has been supplemented by the decree law “Urgent measures on excise duties and VAT on fuel and support for local authorities and the territories of the Marche affected by exceptional weather events”.
“The maneuver is closed. We are satisfied, the measures requested by the League are in place” he said Salvini leaving the House. The budget law will be “courageous” he assured Giorgetti.
The cut in the tax wedge does not satisfy Confindustria. “A shock intervention is needed on the tax wedge”, says the president Carlo Bonomi.
BASIC INCOME – Expected one year to enter employable workers into the world of work, accompanied by special training courses, considered mandatory. This would be, pending the final decision of the CDM, the solution identified by the government as a soft exit from the basic income for the so-called employable. The idea of immediate cancellation of the benefit as early as January 1, which would have made it possible to save 1.8 billion, would have been shelved, instead embracing the bridging solution proposed by the Minister of Labor Calderone. The date of interruption would therefore, according to what we learn, be that of December 31, 2023.
INSTRUCTION – The Minister of Education and Merit, Giuseppe Valditara announced “additional resources for 2023” with an increase in teacher contracts even if “the blanket is very short”.
TAX – On tax wedge we are moving towards a replica of the cut of 2 points for incomes up to 35 thousand euros, while the cut will be increased by another point, up to 3 points, for the most fragile groups, those with an income of less than 20 thousand euros. This would be the measure under study for the manoeuvre. On the flat tax, on the other hand, the increase in the threshold (from 65 to 85 thousand euros) for self-employed persons and VAT numbers would remain confirmed, while the hypothesis of introducing an incremental flat tax also seems to be losing ground. The benefit of the cut in the tax wedge envisaged in the maneuver will go entirely to the workers.
FUEL DISCOUNT – From December 1, the discount on fuel prices is reduced, almost halving. In fact, excise duties on petrol will rise to 578.40 euros until 31 December 2022, while those on gas oils or diesel used as fuel, in practice diesel, will rise to 467.40 euros per thousand liters until the end of the year. . Thus we pass from the current cut of 25 cents which, inclusive of VAT, was equivalent to a discount to the distributor of 30.5 cents, to a cut of 15 cents, which with VAT will translate into 18.3 cents in December less. The reduction in petrol discounts in December, envisaged by the draft decree expected in CDM together with the budget law, does not affect hauliers who have other regimes.
TAX BENEFITS – There would also be the rationalization of tax expenditures among the measures being studied by the government in view of the budget law. According to a draft of the article still under discussion, the reorganization of tax breaks should appear in particular among the provisions of the related tax decree.
BUILDING BONUSES – There is a new rationalization of construction bonuses among the measures being studied by the government in view of this evening’s examination of the budget law. The measure should be included in the related tax decree and would follow the intervention on the Superbonus already included in the Aiuti quater decree. Just the decree published in the Gazzetta last week reduced 110% to 90% (with some exceptions) and attempted to find a solution to the problem of problem loans. However, Ance and Abi are still negotiating with the government for a more decisive rule – taking advantage of the F24 – which could therefore be inserted here.
SUGAR TAXES AND PLASTIC TAXES – We are moving towards a new postponement of the entry into force of the sugar and plastic tax: according to what we learn, the maneuver, which will be on the table of the Council of Ministers in the evening, should contain the suspension of the measure also for the whole of 2023.
CRYPTACTIVITY – There would also be the taxation of capital gains deriving from crypto-assets among the measures being studied by the government in view of the budget law. The rule appears in a draft of the article still under discussion, which also provides for the regularization of crypto-assets.
HELP FOR BRANDS – The government allocates a total of 400 million for the Marche territories affected by the exceptional meteorological events that have occurred since 15 September. In particular, the expenditure of 200 million is authorized with the decree expected in the CDM together with the budget law. While a further 200 million are allocated in the same maneuver.