(Finance) – The delegation tax has landed in the Official Gazette and now the majority has 24 months to finalize i decrees delegates, i.e. those rules that will implement the new tax system. In some respects the government is willing to forge ahead. Already in the next one budget law in fact, the first measures could be inserted, starting frompersonal income tax, with the aim of achieving the often mentioned flat tax. The major problem concerns the contrast with article 53 of the Constitution, which speaks of “progressivity of taxes”, a principle that does not seem easily achievable with a single tax for all. The executive claims to be able to guarantee it through deductions and deductions, at the latest by the end of the term.
The first move will be the implementation of the single tax rate model, followed by the identification of the general principles that will have to lead from the current personal income tax brackets to the arrival of the single tax. Article 5 of the enabling bill on tax reform approved by Parliament explains how the transition to the single tax also provides for a reorganization of tax expenditures, or deductions, deductions and tax credits. A fundamental step to maintain progressivity would be to increase them but it is also possible that some will be eliminated.
To kick off the process, the intentions of the government would be to reduce the rates four to three. The first hypothesis, also formulated by State accountingprovides for the unification of the second and third band into a single one, which includes i incomes between 15,000 and 50,000 euros. In this case the levy would be 27% (although there was also talk of 28%) while the first and last would remain the same. The benefit for the third bandwhich would see the withdrawal rate drop by as much as 7-8 percentage points.
The reduction from four to three tax rates could cost 3-4 billion. However, the hypothesized reduction in taxes on taxes also remains to be financed thirteenth in the form of incentives for productivity bonuses and overtime payments. Probably with the maneuver will also see the light two-year preventive agreement for the self-employed. Certainly the so-called “national minimum tax on multinationals”, envisaged by the delegation in implementation of a European directive: it will provide revenue useful for financing other measures. Further savings could be found in the review of tax rebates, which number over 600.
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