The bill of the Stability law rises again and reaches 36 billion. This is the definitive figure announced yesterday evening by the Government after the Council of Ministers which approved the measure and then immediately sent it to Brussels. The Executive confirms one tax reduction of 18 billion euros, "the largest in the history of the Republic", commented the Prime Minister, Matteo Renzi, also ensuring "compliance with the European rules as the EU has explained them. If there are specific questions, however, we respond”.
HERE ARE THE MANEUVER MEASUREMENTS:
– Confirmation of Irpef bonus of 80 euros in the pay slip for employees who earn less than 1.500 euros per month. This intervention alone weighs 9,5 billion euros.
– Elimination of new taxes (3 billion).
– Abolition “from 2015 and forever” of the labor component of Irap (5 billion).
- No contributions for three years on new permanent contracts (1,9 billion). “Dear entrepreneur, do you hire on a permanent basis? I remove article 18, the contributions and the labor component from Irap – commented the Premier -. Mamma mia, what more do you want? I'll remove any alibi from you and give you a great opportunity".
– Possibility to advance the payroll on the tfr (100 million). Yesterday it was also achieved the agreement with the Abi.
– Flat rate for VAT matches low-income (0,8 billion). Instead of spending "hundreds of euros on an accountant or tens of euros on other expenses - continued Renzi - there will be a flat-rate regime: a reduction of 800 million euros for 900 thousand VAT numbers under 15 thousand euros".
– Half a billion euros to help families with children.
– Tax credit for investments in research and development (300 million). The "patent box" is also possible for businesses, a mechanism to support patents, with benefits on earnings.
– Financing of the reform of social shock absorbers (1,5 billion).
- At the school 500 million are allocated, even if initially there was talk of one billion. “We put in half a billion because it's on net debt – explained the Prime Minister -. The measure is actually worth one billion and serves to hire all 149 of the rankings until exhaustion. It is the clear voice, not the gross one”.
– One billion for investments in stability pact for local authorities, which is thus reduced by 70%. “The Regions have the space not to raise taxes,” Renzi specified.
- For the justice 250 million.
- Meter Roma e Milano Expo (150 million).
– Co-financing (1,2 billion).
– Expenses under current legislation (6,9 billion).
– Reserve (3,4 billion).
FINANCIAL COVERAGE
– Increase of deficit 2014 from 2,2 to 2,9% (11 billion).
- Spending review (15 billion).
– Fight againstevasion (3,8 billion).
– Broadband (0,6 billion)
– Reprogramming (one billion).
– Increased taxation on slot machines (one billion).
– Financial income (3,6 billion). In detail, comes a increase of 1,2 billion for pension funds and foundations, which adds to the 2,4 billion already announced by the Government and the result of the old increase in taxation on annuities.
