No "selective increase", no "remodulation" of the reduced and intermediate rates. VAT will not go up a penny on any product. The Prime Minister assured him, Giuseppe Conte: “The first good news is that let's sterilize the VAT increase. We neutralize the safeguard clauses: the 23 billion are there, we have found them”, said the Premier speaking to journalists as he left Palazzo Chigi. "Indeed we are working to bring the VAT on bills from 10% to 5%, and on milk, pasta, bread from 4% to 1% - he added - The goal is to pay all those who pay less".
Conte also reiterated that it will be included in the budget law the cut of the tax wedge for employees, a measure particularly dear to the Democratic Party. However, it is not clear how many resources will be used on this front: initially there was talk of five billion, but it cannot be excluded that this figure will be halved, triggering the intervention from June.
This and other chapters of the new maneuver are still at the center of the debate within the majority, after the unsuccessful government meeting that took place in the night between Sunday and Monday.
A new meeting may take place this afternoon, before Council of Ministers convened at 18.30 to give the go-ahead for the update of the Economic and Financial Document.
Among the few firm points is the certainty that, at least for this year, the Executive will not touch the resources allocated for share 100 e CBI.
The fundamental doubt remains the one on the deficit. Thanks to a 7-8 billion treasury put together this year in various ways (savings on basic income and the 100 quota, lower interest on debt with the lowering of the spread, higher tax revenues thanks to electronic invoicing) the 2020 deficit it should settle at 1,6%, against the planned 2%. The Government will therefore ask Brussels for further flexibility, but it is not yet known how much.
If we raised the bar up to the Present in several = 2,3% (the M5S went so far as to ask for 2,5%), the 0,7% increase would be worth about 12 and a half billion. However, it seems that the Treasury will not go further 2,1, maximum 2,2%, because the European Commission does not seem inclined to grant more. The difference is not insignificant, considering that each decimal point more or less is worth something like 1,8 billion.
