Weak adherence to the tax agreement, collections of 1.6 billion. Skip the cut to Irpef rates for the middle class

John

By John

Not “excellent”: the result of the two-year composition with creditors is lukewarm with a collection decidedly lower than that assumed by the executive: 1.6 billion have arrived at the treasury compared to the approximately 2.5 billion expected. Not a surprise for the government which during the race also provided the self-employed with a new window to join. But many were those who gave up, also explaining that they were perfectly in line with tax payments. It is so in fact the hypothesized cut to Irpef rates for the middle class has been skipped, at the moment until a date to be determined for which the government planned to use the proceeds of the agreement. A cut which, by bringing the reduction up to incomes of 60,000 euros, would have entailed spending of up to 4 billion. Current resources could still allow for an Irpef reduction but, obviously, a decidedly more limited one. Instead, at least with the current measure, the aim is to cut the tax burden on businesses while introducing the IRES bonus.

Meanwhile, a situation that has become decidedly more tangled in recent days when the director of the Revenue Agency, Ernesto Maria Ruffini, resigned in the hands of the Minister of Economy, Giancarlo Giorgetti, after a series of attacks following the sending of ‘compliancè’ letters (defined as ‘inquisitoriè’ by Matteo Salvini) to call the autonomous people to join. The Deputy Minister of Economy Maurizio Leo puts an end to the welter of rumors about the final result of the measure. With the second tranche the proceeds of the two-year composition with creditors reach a total of “1.6 billion”, he states intercepted in Transatlantico, confirming the figure anticipated by Il Sole 24 Ore. «But not an absolutely negative figure, evaluated compared to the agreement that existed before», he adds. Leo remains cautious about the destination: «Now we’ll see, when the data is consolidated we’ll see what can be done». “It’s a result to be evaluated, a decent result, let’s not say it’s an excellent result.”

Il Sole 24 Ore also confirms today that the total proceeds of the agreement amount to 1.6 billion, considering the first round closed on 31 October and the new window granted to Isa taxpayers until 12 December. According to the newspaper, almost 600 thousand of the 4.5 million potential interested parties, including VAT numbers and flat rates, signed up to the new system. The newspaper also reports a first comment from Leo who defines the result as “encouraging”. In short, Leo sees the glass half full and, again in Transatlantico, explains to the reporters: «The aspect that needs to be highlighted» of the agreement «is that the subjects who were critical because they had an Isa score below 8 were brought to 10, and there are 188-190 thousand taxpayers, and they have become absolutely reliable subjects.” «This is a start, now let’s try to take further steps but in the logic of working ex ante, reaching out to the correct taxpayers and ensuring that the less reliable taxpayers emerge». The opposition returns to the attack and speaks of “A triple disaster”, claims among all Antonio Misiani, PD senator and economic manager of the party’s national secretariat.