It will be difficult to avoid the increase in the VAT rate from 21 to 22% in October. This was reported by government sources, explaining that this was one of the issues at the center of the conversation between Economy Minister Fabrizio Saccomanni and the Vice-President of the European Commission, Olli Rehn.
Rehn himself, during the hearing in the Chamber, recalled that the recommendations sent by the European Commission on the occasion of the closure of the infringement procedure for excessive deficit against Italy clearly indicated shifting the tax burden from production to assets and consume. To postpone the three-month increase in VAT from October to January 2014, one billion would be needed. The blanket is short, the same sources explain, and the government is forced to set priorities in order to respect the commitments undertaken with Europe.
The executive has undertaken to find the covers to cancel the December balance of the Imu on the first houses and agricultural land, an operation that will cost around 2,4 billion, and then there are some expenditure items to be refinanced such as layoffs (500 million-1 billion) and missions abroad (400 million). During the meeting, Saccomanni and the EU commissioner discussed at length the concerns raised in Europe by the abolition of the IMU on first homes and the possible measures that the government will have to introduce to compensate for the lost revenue.
