The maneuver will be around 30 billion and will not change the 100 quota or the basic income in any way. This was confirmed by the Minister of Economy, Roberto Gualtieri, on Half an hour more on Rai3. As for the VAT increase, it will be sterilized, but it is possible that there will also be a complicated reorganization of the lower rates. The tax wedge will also be cut, but probably only from mid-year to reduce the outlay. The reduction of the health super-ticket will also be started.
“WE HAVE THE PAPEETE BILL TO SPEAK”
“We have the Papeete bill left for us to pay. We must do it in a balanced way, aiming for growth”, said Gualtieri, emphasizing the no to spot measures: “We have a three-year horizon”. To lift the veil on the last doubts we will have to wait for this evening. At 18.30, in fact, the council of ministers meets to give the green light to the Update Note on the Economic and Financial Document.
THE DEFICIT PROBLEM
Will the deficit fall between 2,1% and 2,2% or will it go as high as 2,4% as in September last year? “Maybe it's better not to declare 2,4% and then make 2,04% and in the meantime have a surge in the spread – said Gualtieri – It's preferable to position yourself better from the start so as not to have any disturbances. It's a wise middle ground that we'll take." According to the latest rumors, the Treasury should not go beyond 2,2% in order not to force the hand of the European Commission, which does not seem oriented towards granting more.
THE ASSUMPTIONS ON VAT
Every decimal plus or minus is worth 1,8 billion and is essential for understanding what will become of VAT. In the absence of corrections, from 2020 January 10 the intermediate rate would automatically go from 13 to 22% and the ordinary rate from 25,2 to 23,1%. Sterilizing everything would cost 17 billion. In recent days, however, an alternative alternative hypothesis has taken shape: using 10 billion to block the increase in the ordinary rate, raising the intermediate rate from 13 to 8% only on some products and finally merging into a new rate of 4 % a series of other kinds currently exempt from VAT or taxed at 10 or 10%. Not only that: the XNUMX% range includes various activities at risk of evasion, on which VAT would increase for those who pay in cash and would remain stable (with a tax credit to offset the difference) for those who pay by card or other traceable instruments . In this way, by encouraging the emergence of black people, the revenue for the state should increase.
TAX WEDGE AND MINIMUM WAGE
Regarding the reduction of the tax wedge, dear above all to the Democratic Party, the secretary Nicola Zingaretti asked to "raise salaries, starting from low and medium ones". However, the resources that can be allocated for this year risk halving, going from five to 2,5 billion.
Luigi Di Maio said that the maneuver will also contain the minimum wage.
