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Taxes, optical fiber and the environment: here is the plan for the Recovery Fund

The Government has prepared a first document of proposals, which Giuseppe Conte is ready to illustrate in Parliament. The goal is to bring GDP to +1,6% and unemployment below 10%. More investment in research and development. The document in PDF

Taxes, optical fiber and the environment: here is the plan for the Recovery Fund

Less taxes for the middle classes and families, a national plan for optical fiber and 5G, more columns for electric vehicles and the "green revolution". These are the main points of a first draft of proposals that the Government intends to carry out using funds from the Recovery Fund: a 38-page document, divided into six sections, entitled "National recovery and resilience plan", which Prime Minister Giuseppe Conte is about to illustrate by speaking in Parliament.

"If the Houses deem it appropriate, the government is available to report on the main lines of the document, both in the decentralized offices of the commissions and in the plenary seat of the assembly,” Conte said in a letter sent to Montecitorio and Palazzo Madama. In short, after weeks of stalemate the Government is released, which at least has identified the guidelines: the oppositions, according to the first reactions, however, consider the plan still too generic and battle is expected.

The document therefore focuses on taxation, digitization and the environment, with the declared objective of: doubling the growth rate of the Italian GDP, bringing it from the average of +0,8% of the last decade to a level in line with the European average of '1,6%; increase investments to 3% of GDP; achieve an increase in the employment rate of 10 percentage points, rising from the current 63% in Italy to 73,2% of the current EU average; bring R&D spending to 2,1% from the current 1,3%.

MUG

The plan envisages an overall reform of direct and indirect taxation, aimed at designing a simple and transparent fair tax system for citizens, which particularly reduces the tax burden on the middle classes and families with children and accelerates the transition of the economic system towards greater environmental sustainability. The tax reform plans to "transfer the burden from people to things and a reduction in the tax burden together with a growth-friendly tax system". “The government – ​​the document also explains – has decided to also disable all increases in VAT and excise duties under the safeguard clauses".

TECHNOLOGY

One chapter is about digitization, with focus on the national fiber optic network and the development of 5G. The document speaks verbatim of "completion of the national fiber optic telecommunications network", and of interventions "for the development of 5G", but also of the creation of data centers and clouds and the arrival of the "Single Digital Identity for citizens and businesses ”.

INFRASTRUCTURE

On this issue, the dot of the government majority remains that of the review of motorway concessions "in order to ensure greater transparency, competitiveness between operators and the correct balance between the public interest and the business interest, as well as the constant improvement of the service for users, promptly implementing the resolutions of the Transport Regulatory Authority". On this issue, the parliamentary confrontation, if there is any, will inevitably be tough. The drive towards electric mobility should be more peaceful: the motorway network, the document continues, will have to be adapted to the progressive diffusion of electric vehicles, through the provision of fast charging columns.

ECOLOGICAL TRANSITION

Less coal, more woods. The plan envisages (generally): the development of infrastructures for a gradual de-carbonisation in transport; urban forestation projects and even reforestation to limit hydrogeological risks; investments in the circular economy starting from waste and renewable sources; integrated management of the water cycle; advantageous taxation for sustainable companies; support for the ecological transition for agriculture, industry and the steel industry (Ilva di Taranto). This is the part of the Recovery Plan guidelines linked to the objectives of the European Green Deal.

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