Maneuver, there is the EU green light. But Brussels rejects the measures on cash, POS and pensions
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BRUSSELS. The European Commission approves the maneuver of the Meloni government. “Overall it is in line” with expectations and requests, in terms of reduction of public spending and attention to investments for sustainability. But on the front of the fight against tax evasion there are criticisms, which add up to the measures on the pension front. Here it is of the opinion that Italy “has not yet made progress”.
The EU executive recalls that the country was asked to adopt and “adequately” implement the enabling law on tax reform to promote the reduction of taxes on labor and increase the efficiency of the tax system. There is not enough evidence of the tax wedge. In addition, the budget law as presented in Brussels by the centre-right executive includes measures that “are not consistent” with the recommendations on taxation policy and the fight against scoundrels who do not pay taxes. In particular, the policy on the mandatory use of electronic payments and the legal thresholds for cash payments are contested. In essence, the spotlights on the Pos and the minimum threshold of 60 euros to use the device for payments without the use of cash are turned back on.
The Commission also has doubts about the proposed reform of the pension system. Here too, «measures that are inconsistent» with the recommendations for a sustainable reform of the sector are found.
Indications of reflections and invitation to second thoughts for the Meloni government. Brussels does not reject the manoeuvre, because in any case Italy “limits the growth of current primary spending financed at the national level and plans to finance public investments for the green and digital transition and for energy security”. The priorities of the EU, in terms of agenda and fiscal sustainability, are satisfied. But the footnote to the general approval reads as follows: “The national parliament should therefore take this discussion into account before adopting the budget for 2023”.
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