A voluntary diclosure for cash and safety deposit boxes. This is one of the proposals delivered by the league to the Minister of the Treasury, Giovanni Tria, in view of the 2019 Budget Law.
The idea is to allow Italians to regularize cash held abroad and goods kept in safe deposit boxes – which, together, subtract from the Treasury a tax base of approx 200 billion euros – paying aflat tax of 15-20%, in line with the flat tax.
The resources recovered in this way would be used for welfare actions in favor of families in difficulty, new jobs and basic income.
Not only that: the money emerged or returned to Italy must be compulsorily invested in individual medium and long-term savings plans (PIR), which support Italian SMEs and currently guarantee a full capital gains tax discount if held in the portfolio for at least 5 years.
The measure, however, would be accompanied by novelties: it would come the current limit envisaged for investments in Pir has been cancelled (30 thousand euros a year) and it could be reintroduced a tax on returns.
A similar amnesty, but only in cash, was planned last year by the Gentiloni government. That hypothesis, later rejected due to the veto of the left merged into Leu and part of the Democratic Party, provided for a 35% rate and the obligation to invest the excess in government securities or bonds.
