• Maneuver: Thursday the new table at the Ministry of Economy, focus on the cut of the personal income tax rates

  • Ok of the Cdm to NaDef and to the decree on Irap, referendum extensions, single check

  • Control room: around 8 billion in tax cuts.

    Maneuver worth 23 billion under examination by the CDM

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November 25, 2021 Agreement at the table of the Ministry of Economy on tax cuts of 8 billion. After days of meetings between Minister Daniele Franco and the economic leaders of the majority parties,


an agreement

has been identified

that goes in the direction of allocating just under 7 billion euros to the IRPEF cut and a little more than 1 billion euro at Irap. The reduction will start in 2022 and will be structural.



The intervention on personal income tax will absorb about 7 of the 8 billion allocated to the maneuver to lighten the tax burden. The scheme provides for the reduction of the rates, which will drop from five to four, with the reshaping of brackets, deductions and no tax area: the income bracket up to 15,000 will remain at 23%, the rate of 27%, for the bracket from 15,000 to 28,000, will drop to 25%, and those of 38 and 41% will disappear and will be unified in 35% for the range from 28,000 to 50,000. Over 50,000 will go directly to 43%. The reorganization of the deduction system should also absorb the Renzi bonus of 100 euros paid in paychecks. The agreement in principle will now have to pass to the scrutiny of the government and the majority parties and could undergo adjustments in the coming days. L'the aim is to quickly translate the political proposal into an amendment to the maneuver to be presented to the Senate at first reading.



"A political agreement has been reached on the revision of the personal income tax rates which go from 5 to 4", reports the Deputy Minister of Economic Development, Gilberto Pichetto Fratin, at the end of the meeting at the Mef on the tax cut initiated a week ago by the Minister of Economy, Daniele Franco, with the economic managers of the majority parties (the deputy minister for economics, Laura Castelli for M5s, the deputy minister at Mise, Gilberto Pichetto Fratin, for Forza Italia, the undersecretary for the economy, Maria Cecilia Guerra, for Leu , the chairman of the House Finance Committee, Luigi Marattin, for Italia Viva and the economic managers, Antonio Misiani, for the Democratic Party, and Alberto Bagnai for the Lega). Based on the information provided by Pichetto,a general scheme for the reduction of IRAP on a "vertical" basis would also have been outlined which will cost just over a billion and which provides for the abolition of the regional tax on productive activities for individuals, for all sole proprietorships and self-employed. Innovative start-ups could also be included. The cuts in Irpef and Irap will start from 2022 and will be structural. It is, explained Pichetto, the "first step of the tax reform".Irpef and Irap will start from 2022 and will be structural. It is, explained Pichetto, the "first step of the tax reform".Irpef and Irap will start from 2022 and will be structural. It is, explained Pichetto, the "first step of the tax reform". 



"The interventions will have a structural value, not spot measures, and above all they will be perceptible - underlines Castelli - Two of the main things we asked for. We will act on the Irpef rates of the middle class, and in a structural way also on the IRAP. there will be some detailed adjustments but the important aspect is that a balance has been found between political forces, perfectly in line with the parliamentary direction. The work has been very positive ". Green light to the agreement also from Lega leader Matteo Salvini who claims: "Irpef simpler and lighter for all taxpayers, via IRAP for all individuals: the League is in government to defend families and businesses". For the deputy of Italy Viva Luigi Marattin, it is a "good agreement" because "the reform contains structural interventions both on Irpef, where the structure is redone and the most consistent tax savings are concentrated on the middle class, and Irap, where the tax for individual firms and individuals is abolished. And both interventions are steps of a two-stage process already set up and which will see completion with the fiscal delegation ".