Not all financial income will be affected, but only spot ones, "achieved with purchase and sale transactions concluded within 48 hours". Long periphrasis that can be brutally translated into two words: financial speculation. In these cases, the tax that affects this specific area could rise from 20 to 27% and be "non-deductible for the purposes of income tax and IRAP".
The measure is provided for by an amendment to the Milleproroghe Decree, approved by the Constitutional Affairs Commission of the Senate. It was proposed by Stefano Candiani, of the Northern League, who is keen to clarify that it is a question of "pure speculative operations". A change to the amendment sets a spending ceiling of 150 million euros.
Nothing has been decided at the moment. The classroom could reformulate the proposal and the path of the Milleproroghe is still tortuous. And the critics are already raising problems regarding the feasibility of the standard, due to the difficulty of distinguishing between pure speculative transactions and other speculative transactions.
