• Bank of Italy: "We need organic tax reform, not to reduce all taxes"
  • The government approves the Def: stop to increase VAT, maneuvering from 29 billion

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09 October 2019In the Senate the discussion began on the update note to the 2019 economy and finance document, which yesterday received the go-ahead from the Senate Budget Committee. The text is illustrated in the Chamber by the senator of Leu Vasco Errani.

Among the open questions the red and blue bet of over seven billion from the fight against tax evasion that does not convince the main institutions called upon to evaluate the update note to the Def. From the Bank of Italy to the Court of Auditors up to the Upb, which also validated the framework of the next Budget law, concerns are raised about revenue expectations, also because the measures, they observe, are not defined. To lend a hand in the hunt for the 5 billion that are still missing, there will be a tightening on the false compensation between credits and debts on tax and INPS contributions that, according to the president of the Pasquale Tridico institute will be able to bring "up to 5 billion".

The strategy against undue compensation would be based on the intersection of data in a new Inps-Inail-Agenzia delle Entrate platform to be deployed, already at the beginning of January. But it is unlikely that the entire figure can be indicated among the actual coverage of the maneuver, even if Tridico presented his simulations directly to the premier, Giuseppe Conte, and to the Economy Minister, Roberto Gualtieri.

Premier and minister have spoken on the sidelines of the vote in the House on the cut of parliamentarians and it is possible that there may be a summit on the maneuver extended to the heads of the delegation. An opportunity, probably, also to face the problem of the bonus for the children: Gualtieri has already explained that the 80 euro bonus will not be used for this purpose, as hypothesized in recent days. There is therefore a resource problem. But the majority insists and inserts in the resolution to the Def the single check between the commitments to be fulfilled with the maneuver.

There remains the rebus coverage: with the fight against fraud, government sources explain, we avoid those selective VAT increases initially envisaged to accompany the incentives to use electronic money. A project that the owner of via XX Settembre has relaunched, talking about hypotheses of VAT restructuring, not to "finance" the maneuver but to push payments with cards and debit cards.