VAT, yet another stop and go arrives. Pier Paolo Baretta, Undersecretary for the Economy, believes “a further postponement is useful, avoiding the jump to 22 per cent from October. Nothing decided, but this will be discussed in the council of ministers on 28 August. Postponing the tax increase "would cost a billion - explains Baretta - but then from January the issue would come up again". It is for this reason that "structural decisions" on tax matters will have to be taken in the stability law. In other words, it will be necessary to choose: either we intervene on VAT or, perhaps, on the taxation of labour.
The undersecretary, interviewed by Radio Anch'io, also spoke of Imu, proposing "a mix of solutions already being defined". In detail, the direction should be to "open the chapter on spending cuts, thinking as little as possible about annoying interventions on excise duties." The subject is particularly thorny and Baretta admits that a compromise with the PDL will have to be sought.
"The final result - he assures - will be an important reduction in the tax burden on citizens, we must avoid the risk that the operation is a waltz in which the result does not change". Translated into current Italian, the Undersecretary for the Economy promises that there will be no burden for the tenants.
