Tax reform, how pension funds and Tobin Tax are changing, goodbye to car super tax

The amendment package to be presented by 26 May

From the weakening (if not even the cancellation) of the Tobin tax to the stop to the car super tax; from a possible reduction of IRES to the lowering of the withholding tax for self-employed workers. The package of proposed amendments by the majority to the tax delegation has time to be deposited in the Finance Committee in the Chamber until noon on Friday 26 May (one day more than the original deadline). The Deputy Minister of Economy, Maurizio Leo, declared himself confident about the approval of the tax reform before the summer break. According to Leo, there shouldn’t be any slowdowns: We are at an advanced stage. We could make the first legislative decrees as early as 2024. But every promise must take into account financial coverage. And this is a knot yet to be untied with the autumn maneuver. The first step, in the government’s intentions, compatibly with resources, will be the reform of the Irpef, with the passage from four to three rates. But the Bank of Italy, during the parliamentary hearing in recent days, drew attention to the coverage and negative effects of the flat tax (the rejection was not liked by the League). But now the most urgent issues on the table are others and, as Ferruccio de Bortoli writes, there are no doubts that the tax delegation was designed to appeal above all to businesses: But all this, in the end, will truly involve a real simplification and a minor tax burden?. Hard to tell. At the moment, let’s limit ourselves to analyzing the main amendments to the tax delegation which will almost certainly be presented on 26 May.

May 23, 2023

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