A maneuver of “caution”. And the “Amazon-tax” – Corriere.it appears

The «Giorgetti rule» hovered yesterday evening over the summit on the 30-35 billion maneuver that the council of ministers will examine Monday or Tuesday. “I represented a framework of prudence and I trust that the political forces with responsibility will support this approach,” said the Economy Minister after the meeting at Palazzo Chigi convened by the premier, Giorgia Meloni, to discuss with the majority leadersthe deputy premiers Salvini and TajaniGiorgetti himself and Deputy Minister Leo of the next budget law.

The head of the Economy added that he «is extremely determined to keep the bar straight», with some priorities: «Increase aid against high bills for households and businesses, also enlarging the audience of beneficiaries of both categories; bring the tax wedge to 3%; support the family and the birth rate more, increase the current thresholds of tax credit on bills for businesses from 30 to 35%».

The “Giorgetti rule”fully shared by Meloni, wants that all proposals of measures to be included in the budget bill should indicate coverage in terms of spending cuts or revenue increases within the same industry. Considering that 21 billion will be pledged against high energy costs, there are still about ten to satisfy the many requests. So it will have to select the measures and accompany them with certain covers, to prevent the 2023 deficit from going beyond 4.5% of GDP, triggering tensions on the markets (yesterday Fitch confirmed Italy’s rating at BBB with a stable outlook).

One priority that emerged at the summit is thezeroing of VAT on breadpasta and milk while baby products and sanitary towels would fall under a preferential rate of 5%: a popular measure which, according to initial estimates, would have a limited cost. Another message launched, even before the majority meeting, is the putting in the attic of the hypothesis of one tax shield on the return of capital hidden abroad, which should no longer enter the manoeuvre. Instead, the so-called is relaunched “Amazon tax”the hypothesis, already circulated, of one delivery tax for e-commerce purchases carried out with non-ecological means. Confirmed the cancellation of folders not exceeding one thousand euros and the halving of those between one thousand and three thousand eurosas well as 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.

However, the exchange, on which the League insists, between expenditure for the so-called Quota 103 (retired at 62 years of age and 41 of contributions), which would cost just under a billion in 2023, and the savings, which must be equally certain, on the citizen’s income. And here then, at the summit, a tightening on support for the poor resumed, in particular on earners who could potentially work, destined to gradually exit the program, and a strengthening of control mechanismsproviding, among other things, for a constant verification of the fact that the recipients live in Italy, with the obligation to report periodically to the municipalities.

Salvini pushes on the squeeze, who met Giorgetti yesterday morning and immediately made it known that he had relaunched his requests on flat tax, cash cap, pensions. Forza Italia, with Tajani, meanwhile is pushing for a strong signal on the cut in the tax wedge. So not only the two points already granted for this year by Draghi. And in fact, 3 points are already assumed. It remains to be seen how they will be distributed. Definitely for the benefit of net payrollbut a part could also go to businesses.