Next week, the Council of Ministers will evaluate the proposal for the new financial law agreed yesterday in the meeting convened at Palazzo Chigi by Giorgia Meloni between Economy Minister Giorgetti and the two Deputy Prime Ministers, Salvini and Tajani. It is a question of 30-35 billion to put on the scales to help Italians gripped by expensive energy and the inflationary pressures of the economy.
The number one of the MEF reported that he is determined to keep the bar straight on increasing capacity for families and businesses against high bills, also expanding the audience of beneficiaries of both categories, bringing the tax wedge to 3%, supporting families more and birth rate and increasing the current thresholds of the tax credit on bills for companies from 30% to 35%.
Prime Minister Meloni fully agreed with the line drawn by Giorgetti but set a single stake: "the sustainability of the proposals" to be clearly indicated in the draft budget law with the relative financial coverage already identified.
Against the 21 billion needed to cover the high energy cost, the rest will have to satisfy the other requests whose economic coverage will have to be certain within the budgetary constraints and the deficit which must not go beyond 4,5% of GDP in 2023.
Among the highly impacting news on real life thezero VAT on bread, pasta and milk while baby products and sanitary towels would fall under a reduced rate of 5%: a popular measure which, according to initial estimates, would have a limited cost.
Likewise an absolute novelty is the inclusion in the maneuver of theAmazon tax – a tax on deliveries for e-commerce purchases made by non-ecological means.
The cancellation of bills not exceeding one thousand euros and the halving of those between one thousand and three thousand euros was confirmed, as was the extension of the flat tax of 15% to VAT numbers with revenues of up to 85 thousand euros and the increase in the tax on extra profits.
The so-called measure dearest to the League still needs to be phased 103 quota – retired at 62 years of age and 41 of contributions – whose coverage is sought in a powerful squeeze on the citizen's income.
On basic income, the Government intends to review the criteria such as the obligation to report periodically to the municipalities. The allowance will be granted only to those who are looking for a job and have no means of subsistence. In particular, it is planned to interrupt, in six months, the disbursement of the contribution to subjects who are in a position to be able to work.
However, the Treasury is holding back and the measures "will be subject to political evaluation". The zeroing of VAT for bread and milk and for the pension system is under discussion. But the real problem remains that of financial coverage. "Everything is not possible and you have to choose," says Minister Giorgetti.
The maneuver will arrive at the CDM on Monday afternoon and after validation it will be sent to Brussels to the European Commission which must express an opinion by the end of November.