Also this year to celebrate a rich Christmas will surely be the tax authorities that under the tree will find a "gift" from 42,9 billion. To deliver it, however, will not be Santa Claus, but Italian taxpayers who these days are called to honor a large number of tax deadlines by shaking their wrists.
By next Monday, in fact, from the balance of the Imu-Tasi the tax authorities will receive 9,6 billions, from the payment of income tax deductions of employees and other collaborators 13,6 billions and from the payment of the VAT well 19,7 billions.
The overall figure, points out the CGIA Studies Office, is in any case underestimated, as it does not take into account the eventual payment of the last installment of the Tari which, in many municipalities, takes place in December. This hail of taxes, of course, will have negative effects on Christmas consumption again this year.
- Too many taxes reduce consumption, even Christmas
"If the Christmas spending recorded last year was close to the 10 billion euros - says the coordinator of the CGIA Research Office Paolo Zabeo - it must be remembered that in the last 10 years 30 per cent has collapsed. This contraction has penalized above all the neighborhood shops, while the outlets and large-scale retailers have succeeded, at least in part, in amortizing the blow inflicted by e-commerce which, in the last 4-5 years, has assumed ever more important dimensions. With fewer taxes and a heavier thirteenth, we would certainly give more impetus to domestic demand which, in Italy, is still too weak, even in the remaining months of the 11 ".
Returning to the data of the analysis, to this revenue of almost 43 billions must be added other 11 billions of euro "taken" from the thirteenth that have been or are going to be liquidated in these weeks. Payment that, however, will be made by the withholding agent (or the employer) on behalf of the employees and by the INPS for the retired. In both cases the expiry of the Irpef payment is 16 January 2020. The secretary of the CGIA, Renato Mason, states:
“In recent years, an excessive tax burden and a range of services provided by the public administration, both in terms of quality and quantity, have contributed significantly to the contraction of domestic demand and investments. To the small and very small companies, the combined effect of too many taxes, the decline in household consumption and the contraction of bank loans has caused financial imbalances such as to force many artisans and small traders to definitively close the business ".
- The thirteenth: again this year they will not benefit from the "Renzi bonus"
In the face of approximately 44 billion euros of additional monthly salary, in December 33,9 will receive millions of pensioners, workers and employees, the tax authorities will "withdraw" 11 through Irpef withholdings and, in the end, the beneficiaries will remain in their pockets " only "33.
At the territorial level, the region with the highest number of earners in the thirteenth month is Lombardy: the people involved are 6,1 million. 3.273.000 residents in Lazio and 2.937.000 domiciled in Veneto follow. The geographical realities, instead, where the number of beneficiaries of the Christmas bonus is more contained are Umbria with 525 thousand people, Basilicata with 288 thousand, Molise with 162 thousand and Valle d'Aosta with 76 thousand.
The CGIA Studies Office would like to point out that, as in previous years, the thirteenth of employees will not benefit from the so-called "Renzi bonus".
“Employees who also benefited from the bonus in 2019 - declares the researcher of the Studies Office Andrea Vavolo - will not be able to avail of this concession on the additional monthly salary; in fact, the law does not provide for it. Indeed, it cannot be ruled out, as has unfortunately already happened in past years, that some employees who have received the tax discount are forced to return it ”.
We remind, in fact, that the extra 80 euros in payroll belong in full to those who do not exceed 24.600 euros in annual income and to a lesser extent if it is between 24.600 and 26.600 euros. Therefore, if these thresholds were exceeded during the year, without the employer having taken them into account, the employee will have to repay what he has unduly received.