Tax, CGIA: record revenues in the first 10 months of 2022 but 8 billion euros are missing from the tax on extra profits

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(Finance) – The Research Office of the CGIA has calculated that in the first 10 months of this year the taxman Italian he cashed 57 billion euros more than in the same period of 2021. A figure defined as “frightening” which, certainly, says the Research Office itself, “is destined to increase”. In fact, the CGIA claims that with the deadlines tax of November and December “it is very probable that the higher tax and social security revenues referring to 2022 will still rise by several billion”.

According to the Research Office, theextra revenue it would not be the result of fiscal tightening, but of combination of three wait conjunctural distinct: a sharp rise in inflation, which drove up indirect taxes; the economic and employment improvement that took place in the first part of the year; the cancellation of subsidies for 2022.

“In addition to these three specificities, it should also be considered that starting from March of this year, Italian families perceive thesingle check, a measure that replaced the “old” deductions for dependent children. This novelty (all other things being equal) has obvious implications for the calculation of the tax burden. If the deductions reduced theIRPEF to be paid to the tax authorities, their abolition has increased the total annual tax revenue by approximately 8.2 billion euros. We remind you that, now, the resources to disburse the single check are accounted for in the balance state as outputs”, reads the note from the CGIA which however signals that almost 8 billion euros are missing.

“With the fee on extra profits applied to energy companies by the Draghi government, in 2022 the treasury was to collect a total of 10.5 billion euros. After the balance of last November 30, however, only 2.7 billion euros “arrived” in the state coffers. Therefore, among the 57 provisionally collected this year, another 7.8 billion euros are certainly missing”, underlines the CGIA Research Office.

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