From the cutting of the IRPEF to the flat tax on extraordinary and holidays, from incentives to contracts to the use of TFR for pensions. And there is the banks node. There are no “treasures” available
Construction site budget law. It is early for measures and details, but the declarations began and the road outlines (or at least the intentions). On the table there are pensionswho ask for a correction of course. There is a tax system, that the government wants to lighten (cutting and/or scrapping). And there are wages to be supported. And it is necessary to make cash, because there are no “treasures” and so for the coverage of the help of the banks returns to commit the political debate. There is talk of a meeting between government and bankers already in early September.
Salari: between flat tax on extraordinary and incentives for contract renewals
With the tax exclusion of a minimum legal wages, the government aims to move on two fronts to support wages. On the one hand we work on the introduction of a Flat tax on the variable components of the salaryThat is, extraordinary, holidays, nights and productivity prizes, which are now taxed as ordinary income. The idea is to replicate, by expanding it, the deduction already foreseen for productivity prizes, with a subsidized rate (lower than the current 5%) and a maximum ceiling. On the other hand they are studied incentives to accelerate contractual renewals. The draft circulation includes two roads: either 50% deduction of increases for three years, or a 5% replacement tax. For those who remain without renewal over two years, an automatic mechanism of adaptation to inflation would take up to a maximum of 5% per year. A measure that aims to ward off the loss of purchasing power, in a country where half of the collective agreements has expired.
Fisco: Reduction of IRPEF and new scrapping
Premier Meloni confirmed the line: to lighten the tax burden on the middle class. The most advanced project foresees the cut of two points of the Irpef intermedia rate, from 35% to 33%, With an expansion of the bracket up to 60 thousand euros. Estimated cost: 4 billion. Parallel, the League pushes for one Fifth scrapping of tax folders. Matteo Salvini considers it priority, while the MEF brakes, remembering that the ministerial commission is still working on the “warehouse” of the folders. Mediation could go from new forms of installment, which allow the state to collect certain resources without opening the doors to the tax evaders.
Pensions: freeze the “Fornero step” and use the severance pay
Then there is the social security front. Without interventions, in 2027 the old age would rise from 67 to 67 years and 3 months for automatic adaptation to life expectancy. The League wants freeze the increase: an operation that would cost about one billion a year. Another novelty that the Undersecretary to Labor Claudio Durigon spoke to the Rimini meeting in Rimini is the use of severance pay as a pension income to fill the minimum check threshold. In practice, those who are at least 64 years old and 25 years of contributions could transform additional retired liquidation, with subsidized taxation. A voluntary measure, which would allow to spread the 6.8 billion severance pay per year, reducing the impact on INPS accounts. Finally, a review of the early exit channels is prepared. Quota 103 would retire and women’s option could be reviewed to take into account the care work. Instead, the contribution bonus for those who choose to stay at work would be confirmed.
Support for birth, reward and healthcare and healthcare
Next to wages, tax and pensions, the maneuver will have chapters dedicated to Support for birth rate, the stabilization of reward IRES and health. On the first front, the executive promises to strengthen the single check and the incentives to the workers. The reward IRES, i.e. the reduction of the tax for companies that invest and assume, should be made structural, while for healthcare there is talk of at least two billion additional already allocated.
Help from banks: the third attempt
As in the past, there is the hypothesis of knocking on the banks door to help the state in the coverage to the maneuver. It has already happened twice and a third seems to be coming. After the Flop of the tax on the extraprofitti of 2023 and after the “voluntary contribution” of last year, which materialized in a postponement of the tax deductions, now the majority prepares a new intervention on the DTA, the different active taxes. It means suspending or postponing the deduction of devaluation and losses on credits. Last year the operation brought 3.4 billion to the state coffers, with a sacrifice of about 4 billion for the sector. This year is studied an encore. Economy Minister Giancarlo Giorgetti called it a “nice pinch”, a way to avoid direct withdrawal on profits and instead build a compromise with the institutes. Antonio Tajani said he was against, due to the negative effect on the real economy, while Matteo Salvini has relaunched the hypothesis as a coverage for the new scrapping. The president of the Finance Commission of the Chamber, Marco Osnato (Fdi), speaks openly of a “solution agreed with banks”, thus avoiding the head -on clash that two years ago forced the government to fall back. First step a meeting with the ABI, in early September.
