No postponement on cutting tax rebates. The government confirms the retroactivity of the provision included in the new stability law (Italian taxpayers will have to deal with it starting from the 2012 tax return), but the Minister of Labor Elsa Fornero ensures that the weakest groups will be protected. “I can announce that there will no longer be two measures in the text – the minister told Il Sole 24 Ore -, a choice that I personally agreed with the minister Vittorio Grilli and the president Mario Monti. It will be gone the taxation of the accompanying allowance and the 50% cut on the permits provided for by law 104 for the disabled or the care of relatives with disabilities".
The changes "that we managed to make between Friday and yesterday evening (we worked a lot with Minister Grilli over the weekend) restore to the stability law that character and that value of redistribution and attention towards the weakest groups that the law risked instead of lose, as an overall figure - Fornero explained again in an interview with Giornale Radio Rai which will be broadcast in the 'Start' program -, with the taxability of invalidity pensions and the accompanying allowance and with a structuring of the deductibility for which I as Minister of Labor have worked hard so that it does not penalize low incomes. We have carried out a 'cleaning' operation to ensure that there is no penalty relating to the maximum ceiling in the deductions for low-medium incomes”.
Therefore, for the cutting of tax rebates, "there will be no postponement - clarified the minister -, retroactivity remains, but there won't be the penalty for low-middle income that was initially feared".
Thanks to last-minute adjustments, the bill has not yet been sent to the House, where it should arrive in the next few hours. On this point, Fornero reiterated the willingness of the government to modify the text in Parliament, but "obviously without easing the character of financial rigor that we cannot afford to reduce”.
