The signature is there, but it arrived only after the clarifications. The President of the Republic Giorgio Napolitano wanted to meet the Economy Minister Pier Carlo Padoan before giving the final endorsement to the Irpef decree and making it law, to have reassurances on the coverage and on the 80 euro bonus in payroll. But the real hot spot of the measure, which has animated the political discussions of the last few hours, is the dreaded new tax on wealth.
The heavy tax was denied in the afternoon by the head of the Treasury. Padoan in two tweets made it known that with the decree there will be fewer taxes on businesses and those who create jobs and, above all, no new taxes on wealth.
“Let's cut taxes for businesses (IRAP -10%) – writes Padoan in the first tweet – Taxes on financial income are increasing. Finance is at the service of business and work”. The minister then added: “So no new wealth tax. Taxes on the gains of financial wealth are increasing, we are removing them from those who create jobs”.
According to sources from the Ministry of Economy, cited by Ansa, there would have been a conversation between Napolitano and Padoan, after the pre-investigation phase. The president "would have asked to see the economy minister to talk about the effects of the decree and to share assessments on the impact this will have on the economy in the near future". And there would have been no knots to clarify.
According to the Irpef decree, employees with an income between 8 and 24 thousand euros will find a bonus of 80 euros per month, 640 euros per year, in their pay packet from May. There is also a fund to reduce the tax burden on labour, which will include the structural effects of the cuts adopted. And the savings expected by the ministries for 240 rise to 2014 million.
Only a few hours earlier Padoan commented: "The 80 euro bonus will have positive repercussions on GDP as families will be able to spend more and businesses will be encouraged to invest and, consequently, to create more jobs". “On the impact – explained the minister – there is no need to give numbers. What matters is the philosophy of an intervention that will be verified in the medium to long term. It is an addition to income, an injection of confidence that takes place in a positive context of rules”.
