Reimbursements from credit card use and remodeled VAT increases, the Government's strategy for a painless maneuver

The Treasury is convinced that the incentive to use credit cards can bring billions of euros, from three to five, into the coffers of the state.  The novelty would be the tax discount for those who use credit cards, between two and four percent of the expenses incurred. Repayments would occur monthly or at most every three months.

The idea of ​​favoring the use of digital payments has jumped into the minds of the MEF technicians after viewing an estimate: 9 Italians on 10 do not regularly use a credit card or debit card.

With this measure, the Treasury aims to increase tax evasion revenues. As La Stampa writes, to promote what the Anglo-Saxons define the cashless culture, the government has mandated the Italian Post Office to study a single card (identity and health card) that also functions as a credit instrument for those - for example most of the retirees - do not frequent the bank and do not have different tools available. Already today, the citizenship income (or retirement) card works in a similar way: it is a prepaid card issued by PostePay through which the subsidy is paid. It has an agreement with the Mastercard circuit, and also allows you to make bank transfers. 

To implement this revolution Luigi Di Maio announced, in a short time, the agreement with the Banking Association so that the costs of commissions on operations between five and twenty-five euros are eliminated. 

The real knot, beyond the billions that could enter the coffers of the State with this new measure, is the next financial maneuver where it has been estimated that 6-7 billions of euros are still required. 

In this regard, he is confident in the flexibility that Brussels will grant to Italy, whose deficit for 2020 oscillates between 2,1 and 2,2 per cent, more than the 2,04 snatched by the previous yellow-green government. 

The Five Star Treasury under-secretary Alessio Villarosa he came out into the open and spoke, therefore, of the reformulation of the VAT on some goods that are not considered essential today. 

The current VAT rates are four, five, ten and twenty-two percent. During the program “Dritto e Rovescio” by Del Debbio there was talk of an increase in VAT for fish goods, from 10 percent to 13 percent. So consuming good fish from our seas is not “essential”…. 

 

 

Reimbursements from credit card use and remodeled VAT increases, the Government's strategy for a painless maneuver

| EVIDENCE 1, ITALY |