Bankitalia suggests the government to change the Maneuver

On Sunday, the Prime Minister Giorgia Meloni had declared that the threshold of 60 euros under which traders could not accept digital payments via Pos could be revised. In all likelihood it will be modified and it will not be the only change in the Budget Law. In fact, in the second round of hearings in the joint House and Senate budget committees on the Meloni government maneuver, there are numerous critical issues highlighted by the Bank of Italy. “Provisions on cash payments and the introduction of institutions that reduce the tax burden for non-compliant taxpayers risk coming into conflict with the push towards modernization of the country that animates the Pnrr and with the need to continue to reduce tax evasion“, he said Fabrizio BalassoneHead of the Economic Structure Service of the Bank of Italy’s Economics and Statistics Department.

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According to Bankitalia “some of the measures not connected to the energy emergency present critical aspects that the Bank of Italy has repeatedly reported in the past with reference to similar measures. The discrepancy in tax treatment between employees and the self-employed, and within these among those subjected to the flat-rate regime and excluded, it is increased”. For this reason “in a period of high inflation, the coexistence of a flat tax regime and one subject to progressiveness such as the irperf entails a further penalty for those subject to the latter”.

Balassone also added that the total value of “39.2 billion is for us the evaluation of the gross amount of the maneuver. We will see if in the next few days there will be further reasoning on this aspect”, said Fabrizio Balassone, premising that “the technical attachments to the maneuver were made available last Wednesday: I don’t exclude that there is some rounding off that can be revised”.

Bank of Italy calls for caution before abolishing the Citizenship Income because its introduction “represented a significant step in the modernization of the welfare of our country” and according to INPS without income in 2020 there would have been “one million more poor individuals”.