The match onVAT it is not closed. The Government is still thinking about revise the tax with a series of increases and reductions that encourage digital paymentsso as to reduce evasion. For example: one VAT point more for those who pay in cash, three less for those who use the card. The novelty is that this operation could take place at zero balance, i.e. without providing for any tax burden for taxpayers. A lot enters, a lot goes out, but the State would still gain from the increase in revenue connected to theemergence of undeclared payments. This way you should overcome them too Matteo Renzi's resistance, who has so far opposed any possibility of adjusting the VAT, specifying however that he is not against a revision that does not involve an increase in the tax burden.
That this path is viable was suggested today by the Minister of the Economy, Roberto Gualtieri. In his speech at the conference of the Confindustria Study Center, the number one of the Treasury reiterated that the Government sees "positive aspects in terms of redistribution of income from a limited VAT remodulation, perhaps with zero revenue, which can have a positive redistributive function and support the transition of our payment system towards digital”.
The CSC report envisages two scenarios for Italian GDP in 2020 in relation to VAT: zero growth in the event of failure to deactivate the safeguard clauses and weak growth in the event of sterilization of deficit increases.
According to Gualtieri, however, both hypotheses are to be considered averted, because, "fortunately and positively", the recent Update note of the Economic and financial document “expects to completely deactivate the VAT clauses, but not entirely in deficit and putting debt in a downward trend".
The Confindustria Study Center believes that the Italian public finances are better "than what is indicated in the NaDef" - despite the economy having been at a standstill for over a year - but also warns that the country "is still on the threshold of zero growth" and "risks to fall into recession in case of new shocks”.
For this reason, industrialists are calling for a breakthrough in 2020 and they propose to expand the audience of beneficiaries of the 80 euro bonus to incompetent workers and to intervene on Irpef by aligning the first two brackets. According to the latest rumors, however, the Government would be evaluating an alternative hypothesis for the future of the 80 euro bonus.
